4//SEC Filing
Hill Mark E 4
Accession 0001395942-19-000123
CIK 0001395942other
Filed
Nov 11, 7:00 PM ET
Accepted
Nov 12, 6:28 PM ET
Size
13.3 KB
Accession
0001395942-19-000123
Insider Transaction Report
Form 4
Hill Mark E
Director
Transactions
- Purchase
Common Stock
2019-11-11$21.50/sh+18,500$397,750→ 48,200 total
Holdings
- 43,416.73
Phantom Stock
→ Common Stock (43,416.73 underlying) - 800(indirect: Family Member's Brokerage Account)
Common Stock
- 1,704.395
Phantom Stock
→ Common Stock (1,704.395 underlying)
Footnotes (6)
- [F1]The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $21.48 to $21.52 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
- [F2]The shares are held in a family member's brokerage account, over which the reporting person holds a power of attorney. The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.
- [F3]The phantom stock will convert into shares of KAR common stock on a one-for-one basis.
- [F4]Represents director fees deferred in the reporting person's account in the KAR Auction Services, Inc. Directors Deferred Compensation Plan. 5,854.0817 shares of phantom stock vest on June 4, 2020, and are subject to forfeiture until vested. All other shares of phantom stock are vested.
- [F5]The reporting person will receive shares of KAR common stock, on a one-for-one basis, at a future date(s) specified by him subject to the terms and conditions of the KAR Auction Services, Inc. Directors Deferred Compensation Plan.
- [F6]Reflects the reinvestment of dividend equivalents in additional shares of phantom stock pursuant to the KAR Auction Services, Inc. Directors Deferred Compensation Plan, of which all shares except 47.190 shares are vested. The 47.190 shares vest on June 4, 2020 and are subject to forfeiture until vested.
Issuer
KAR Auction Services, Inc.
CIK 0001395942
Entity typeother
Related Parties
1- filerCIK 0001291222
Filing Metadata
- Form type
- 4
- Filed
- Nov 11, 7:00 PM ET
- Accepted
- Nov 12, 6:28 PM ET
- Size
- 13.3 KB