KAR Auction Services, Inc. 4
4 · KAR Auction Services, Inc. · Filed Oct 5, 2015
Insider Transaction Report
Form 4
BOURELL TODD F
Director
Transactions
- Award
Common Stock
2015-10-01$35.76/sh+19.923$712→ 38.672 total→ Common Stock (19.923 underlying)
Holdings
- 18.749
Common Stock
→ Common Stock (2,620 underlying)
Footnotes (6)
- [F1]The phantom stock will convert into shares of KAR common stock on a one-for-one basis.
- [F2]The reporting person will receive shares of KAR common stock, on a one-for-one basis, at a future date(s) specified by him pursuant to the deferred compensation plan.
- [F3]Represents director fees deferred in the reporting person's account in the KAR Auction Services, Inc. Directors Deferred Compensation Plan. Shares of restricted stock were granted on 6/3/2015 at a price of $38.18 per share and will be settled only for shares of KAR common stock on a one-for-one basis. These shares of restricted stock were granted pursuant to the KAR Auction Services, Inc. 2009 Omnibus Stock and Incentive Plan and one-fourth of the grant vests every three months from the date of the grant and such grant is subject to forfeiture until vested.
- [F4]Reflects the reinvestment of dividend equivalents in additional shares of phantom stock pursuant to the terms of the KAR Auction Services, Inc. Directors Deferred Compensation Plan.
- [F5]Reflects dividend payment of which 5.7490 shares are vested and the remaining shares will vest as follows: 4 shares vest on 12/2/2015, 5 shares vest on 3/2/2016, and the remaining 4 shares vest on 6/2/2016.
- [F6]Reflects dividend payment of which 4.9888 shares are vested and the remaining shares will vest as follows: 4.9757 shares vest on 12/2/2015, 4.9832 shares vest on 3/2/2016, and the remaining 4.9757 shares vest on 6/2/2016.