4//SEC Filing
DiDomenico David 4
Accession 0001395942-20-000029
CIK 0001395942other
Filed
Feb 24, 7:00 PM ET
Accepted
Feb 25, 8:23 PM ET
Size
8.8 KB
Accession
0001395942-20-000029
Insider Transaction Report
Form 4
DiDomenico David
Director
Transactions
- Purchase
Common Stock
2020-02-24$21.77/sh+10,000$217,700→ 10,000 total
Holdings
- 3,839
Phantom Stock
→ Common Stock (3,839 underlying) - 32.56
Phantom Stock
→ Common Stock (32.56 underlying)
Footnotes (5)
- [F1]The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $21.76 to $21.78 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 phantom stock will convert into shares of KAR common stock on a one-for-one basis.
- [F3]Represents director fees deferred in the reporting person's account in the KAR Auction Services, Inc. Directors Deferred Compensation Plan. 3,839 shares of phantom stock were granted on November 8, 2019 at a price of $21.50 per share pursuant to the KAR Auction Services, Inc. 2009 Omnibus Stock and Incentive Plan and will be settled only for shares of KAR common stock on a one-for-one basis. This grant vests on June 4, 2020, and is subject to forfeiture until vested.
- [F4]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.
- [F5]Reflects the reinvestment of dividend equivalents in additional shares of phantom stock pursuant to the KAR Auction Services, Inc. Directors Deferred Compensation Plan, which shares vest on June 4, 2020 and are subject to forfeiture until vested.
Documents
Issuer
KAR Auction Services, Inc.
CIK 0001395942
Entity typeother
Related Parties
1- filerCIK 0001791883
Filing Metadata
- Form type
- 4
- Filed
- Feb 24, 7:00 PM ET
- Accepted
- Feb 25, 8:23 PM ET
- Size
- 8.8 KB