KAR Auction Services, Inc. 4
4 · KAR Auction Services, Inc. · Filed Feb 23, 2016
Insider Transaction Report
Form 4
Vignes David
EVP of Enterprise Optimization
Transactions
- Exercise/Conversion
Restricted Stock Units
2016-02-20−581→ 1,161 total→ Common Stock (581 underlying) - Purchase
Common Stock
2016-02-20$33.90/sh−190$6,441→ 391 total - Exercise/Conversion
Common Stock
2016-02-20+581→ 581 total
Holdings
- 19,785
Employee Stock Option (right to buy)
Exercise: $10.00Exp: 2017-08-20→ Common Stock (19,785 underlying) - 10,275
Employee Stock Option (right to buy)
Exercise: $16.68Exp: 2018-08-19→ Common Stock (10,275 underlying) - 14,525
Employee Stock Option (right to buy)
Exercise: $18.80Exp: 2021-05-05→ Common Stock (14,525 underlying) - 67,170
Employee Stock Option (right to buy)
Exercise: $13.46Exp: 2020-03-01→ Common Stock (67,170 underlying) - 5,000
Common Stock
Footnotes (8)
- [F1]Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis. The restricted stock units vested in common stock on 2/20/16.
- [F2]Shares withheld by the Company to satisfy minimum tax withholding requirements.
- [F3]10,275 of these options are currently exercisable.
- [F4]An additional condition to vesting is that the reporting person must be a director, officer, employee, consultant or agent of the Company or any of its subsidiaries on the date on which the conditions set forth above are satisfied.
- [F5]19,785 of these options are performance options that are currently exercisable.
- [F6]14,525 of these options are service options that are currently exercisable.
- [F7]67,170 of these options are performance options that are currently exercisable.
- [F8]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 2/20/2016, one-third of these restricted stock units vest on 2/20/2017 and the remaining one-third of these restricted stock units vest on 2/20/2018, assuming continued employment through the applicable vesting date.