4//SEC Filing
MCKEON JOHN T. 4
Accession 0001690820-19-000112
CIK 0001690820other
Filed
May 13, 8:00 PM ET
Accepted
May 14, 7:47 PM ET
Size
10.3 KB
Accession
0001690820-19-000112
Insider Transaction Report
Form 4
CARVANA CO.CVNA
MCKEON JOHN T.
Controller
Transactions
- Conversion
Class B Units
2019-05-10$4.88/sh−1,365$6,658→ 17,202 totalExercise: $4.88→ Class A Common Stock (1,000 underlying) - Conversion
Class A Common Stock
2019-05-10+1,000→ 4,021 total - Sale
Class A Common Stock
2019-05-10$68.98/sh−1,000$68,980→ 3,021 total
Footnotes (5)
- [F1]The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 13, 2019. The Reporting Person acquired the Class A Common Stock on May 10, 2019 by exchanging 1,365 Class B common units of Carvana Group, LLC ("Class B Units") for 1,000 shares of Class A Common Stock pursuant to an exchange agreement among the Issuer and certain common unit holders of Carvana Group, LLC, dated April 27, 2017 (the "Exchange Agreement")
- [F2]The Exchange Agreement permits holders of Class B Units to exchange their Class B Units for a number of shares of the Issuer's Class A Common Stock equal to the Class A Common Stock Value less the Adjusted Participation Threshold (as each term is defined in the Exchange Agreement) multiplied by 0.8 times the number of Class B Units being exchanged, divided by the Class A Common Stock Value.
- [F3]This transaction was executed in multiple trades at prices ranging from $65.30 to $72.55, inclusive; the price reported above reflects the volume weighted average sale price.
- [F4]The exchanged Class B Units have a participation threshold of $4.878. The Class B Units have no expiration date
- [F5]The Reporting Person was granted 10,000 Class B Units on December 30, 2015 with a participation threshold of $4.878; 2,000 of which vested on March 23, 2016 and 167 of which vest on the first of each month thereafter. The Reporting Person was also granted 10,000 Class B Units on January 29, 2016 with a participation threshold of $4.878; 2,000 of which vested on January 1, 2017 and 167 of which vest on the first of each month thereafter.
Documents
Issuer
CARVANA CO.
CIK 0001690820
Entity typeother
Related Parties
1- filerCIK 0001700678
Filing Metadata
- Form type
- 4
- Filed
- May 13, 8:00 PM ET
- Accepted
- May 14, 7:47 PM ET
- Size
- 10.3 KB