4//SEC Filing
Hill Mark E 4
Accession 0001395942-20-000062
CIK 0001395942other
Filed
Apr 6, 8:00 PM ET
Accepted
Apr 7, 6:38 PM ET
Size
9.1 KB
Accession
0001395942-20-000062
Insider Transaction Report
Form 4
Hill Mark E
Director
Transactions
- Award
Phantom Stock
2020-04-03$9.50/sh+910.078$8,646→ 2,997.193 total→ Common Stock (910.078 underlying)
Holdings
- 800(indirect: Family Member's Brokerage Account)
Common Stock
- 43,416.73
Phantom Stock
→ Common Stock (43,416.73 underlying) - 48,200
Common Stock
Footnotes (5)
- [F1]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.
- [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. 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.
- [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, of which all shares except 1,007.324 shares are vested. The 1,007.324 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 0001291222
Filing Metadata
- Form type
- 4
- Filed
- Apr 6, 8:00 PM ET
- Accepted
- Apr 7, 6:38 PM ET
- Size
- 9.1 KB