KAR Auction Services, Inc. 4
4 · KAR Auction Services, Inc. · Filed Apr 7, 2016
Insider Transaction Report
Form 4
ECTON DONNA R
Director
Transactions
- Award
Phantom Stock
2016-04-05$38.30/sh+60.414$2,314→ 405.187 total→ Common Stock (60.414 underlying)
Holdings
- 7,634
Phantom Stock
→ Common Stock (7,634 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 her 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. 2,620 of these 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 2,620 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]Represents director fees deferred in the reporting person's account in the KAR Auction Services, Inc. Directors Deferred Compensation Plan. 170 of these shares of restricted stock were granted on 1/4/2016 at a price of $36.92 per share and will be settled only for shares of KAR common stock on a one-for-one basis. These 170 shares of restricted stock were granted pursuant to the KAR Auction Services, Inc. 2009 Omnibus Stock and Incentive Plan and 50% vested on March 9, 2016 and the remaining 50% will vest on June 8, 2016 and such grant is subject to forfeiture until vested.
- [F5]Reflects the reinvestment of dividend equivalents in additonal shares of phantom stock pursuant to the terms of the KAR Auction Services, Inc. Directors Deferred Compensation Plan.
- [F6]Reflects dividend payments, of which all shares are vested other than 19.9314 shares which will vest on 6/2/2016.