4//SEC Filing
Gottwald Donald S. 4
Accession 0001395942-20-000024
CIK 0001395942other
Filed
Feb 20, 7:00 PM ET
Accepted
Feb 21, 5:01 PM ET
Size
18.2 KB
Accession
0001395942-20-000024
Insider Transaction Report
Form 4
Gottwald Donald S.
President and CEO of AFC
Transactions
- Award
Restricted Stock Units
2020-02-19+7,290.287→ 7,290.287 total→ Common Stock (7,290.287 underlying)
Holdings
- 39,546.479
Common Stock
- 1,865
Restricted Stock Units
→ Common Stock (1,865 underlying) - 3,145
Restricted Stock Units
→ Common Stock (3,145 underlying) - 3,321
Restricted Stock Units
→ Common Stock (3,321 underlying) - 17,950.72
Restricted Stock Units
→ Common Stock (17,950.72 underlying) - 14,708.62
Restricted Stock Units
→ Common Stock (14,708.62 underlying)
Footnotes (9)
- [F1]Includes 2,667.5863 shares acquired pursuant to the Company's Employee Stock Purchase Plan.
- [F2]Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis.
- [F3]These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in common stock as follows: one-third of these restricted stock units vested on February 24, 2018, one-third of these restricted stock units vested on February 24, 2019 and the remaining one-third of these restricted stock units vest on February 24, 2020, assuming continued employment through the applicable vesting date.
- [F4]These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in common stock as follows: one-third of these restricted stock units vested on March 2, 2019, one-third of these restricted stock units vest on March 2, 2020 and the remaining one-third of these restricted stock units vest on March 2, 2021, assuming continued employment through the applicable vesting date.
- [F5]These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in common stock as follows: one-third of these restricted stock units vest on February 22, 2020, one-third of these restricted stock units vest on February 22, 2021 and the remaining one-third of these restricted stock units vest on February 22, 2022, assuming continued employment through the applicable vesting date.
- [F6]These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in common stock on February 24, 2020, assuming continued employment through the applicable vesting date.
- [F7]These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in common stock on March 2, 2021, assuming continued employment through the applicable vesting date.
- [F8]These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in common stock on February 22, 2022, assuming continued employment through the applicable vesting date.
- [F9]The number of performance restricted stock units that were converted into restricted stock units was determined based on the Company's operating adjusted net income per share exceeding certain levels over the one-year period beginning on December 1, 2019 and ending on December 31, 2019.
Issuer
KAR Auction Services, Inc.
CIK 0001395942
Entity typeother
Related Parties
1- filerCIK 0001478000
Filing Metadata
- Form type
- 4
- Filed
- Feb 20, 7:00 PM ET
- Accepted
- Feb 21, 5:01 PM ET
- Size
- 18.2 KB