KAR Auction Services, Inc. 4
4 · KAR Auction Services, Inc. · Filed May 24, 2016
Insider Transaction Report
Form 4
Vignes David
EVP of Enterprise Optimization
Transactions
- Sale
Common Stock
2016-05-20$40.55/sh−5,429.369$220,161→ 0 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) - 391
Common Stock
- 1,161
Restricted Stock Units
→ Common Stock (1,161 underlying)
Footnotes (4)
- [F1]429.3690 of these shares were purchased in various de minimis transactions (the reinvestment of cash dividends) between December 28, 2012 and April 2, 2015, and were inadvertently omitted from the reporting person's prior Form 4s during such period.
- [F2]These options are currently exercisable.
- [F3]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.
- [F4]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 vested 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.