KAR Auction Services, Inc. 4
4 · KAR Auction Services, Inc. · Filed Jun 10, 2016
Insider Transaction Report
Form 4
ECTON DONNA R
Director
Transactions
- Award
Phantom Stock
2016-06-08$41.30/sh+2,785$115,020→ 10,419 total→ Common Stock (2,785 underlying)
Holdings
- 405.187
Phantom Stock
→ Common Stock (405.187 underlying)
Footnotes (4)
- [F1]The phantom stock will convert into shares of KAR common stock on a one-for-one basis.
- [F2]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 6/8/2016 at a price of $41.30 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.
- [F3]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.
- [F4]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.