Statement of Changes in Beneficial Ownership (4)
May 14 2019 - 7:47PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue.
See
Instruction 1(b).
|
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
|
OMB APPROVAL
OMB Number:
3235-0287
Estimated average burden
hours per response...
0.5
|
|
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
|
|
1. Name and Address of Reporting Person
*
PLATT IRA J.
|
2. Issuer Name
and
Ticker or Trading Symbol
CARVANA CO.
[
CVNA
]
|
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__
X
__ Director
_____ 10% Owner
_____ Officer (give title below)
_____ Other (specify below)
|
(Last)
(First)
(Middle)
C/O CARVANA CO., 1930 W. RIO SALADO PARKWAY
|
3. Date of Earliest Transaction
(MM/DD/YYYY)
5/10/2019
|
(Street)
TEMPE, AZ 85281
(City)
(State)
(Zip)
|
4. If Amendment, Date Original Filed
(MM/DD/YYYY)
|
6. Individual or Joint/Group Filing
(Check Applicable Line)
_
X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
|
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
|
1.Title of Security
(Instr. 3)
|
2. Trans. Date
|
2A. Deemed Execution Date, if any
|
3. Trans. Code
(Instr. 8)
|
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
|
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
|
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
|
7. Nature of Indirect Beneficial Ownership (Instr. 4)
|
Code
|
V
|
Amount
|
(A) or (D)
|
Price
|
Class A Common Stock
|
5/10/2019
|
|
C
(1)
|
|
59719
|
A
|
$0
(1)
(2)
|
82101
|
D
|
|
Class A Common Stock
|
5/10/2019
|
|
S
(1)
|
|
59719
|
D
|
$71.28
(1)
(3)
|
22382
|
D
|
|
Class B Common Stock
|
5/10/2019
|
|
J
|
|
59719
|
D
|
$0
|
64014
(4)
|
D
|
|
Class A Common Stock
|
5/10/2019
|
|
C
(5)
|
|
3000
|
A
|
$0
|
3000
|
I
|
By Son
|
Class A Common Stock
|
5/10/2019
|
|
S
(5)
|
|
3000
|
D
|
$71.55
(5)
(6)
|
0
|
I
|
By Son
|
Class B Common Stock
|
5/10/2019
|
|
J
|
|
3000
|
D
|
$0
|
3878
(7)
|
I
|
By Son
|
Class A Common Stock
|
5/10/2019
|
|
S
(8)
|
|
1000
|
D
|
$72.19
(9)
|
1500
|
I
|
By Parents
|
Table II - Derivative Securities Beneficially Owned (
e.g.
, puts, calls, warrants, options, convertible securities)
|
1. Title of Derivate Security
(Instr. 3)
|
2. Conversion or Exercise Price of Derivative Security
|
3. Trans. Date
|
3A. Deemed Execution Date, if any
|
4. Trans. Code
(Instr. 8)
|
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
|
6. Date Exercisable and Expiration Date
|
7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
|
8. Price of Derivative Security
(Instr. 5)
|
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)
|
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
|
11. Nature of Indirect Beneficial Ownership (Instr. 4)
|
Code
|
V
|
(A)
|
(D)
|
Date Exercisable
|
Expiration Date
|
Title
|
Amount or Number of Shares
|
Class A Units
|
$0.0
(2)
|
5/10/2019
|
|
C
(1)
(2)
|
|
|
74649
|
(2)
|
(2)
|
Class A Common Stock
|
59719.0
(1)
(2)
|
$0
(2)
|
80018
|
D
|
|
Class A Units
|
$0.0
(2)
|
5/10/2019
|
|
C
(2)
(5)
|
|
|
3750
|
(2)
|
(2)
|
Class A Common Stock
|
3000.0
(2)
(5)
|
$0
(2)
|
4848
|
I
|
By Son
|
Explanation of Responses:
|
(1)
|
The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 15, 2019. The Reporting Person acquired the Class A Common Stock on May 10, 2019 by exchanging 74,649 Class A common units of Carvana Group, LLC ("Class A Units") for 59,719 shares of Class A Common Stock pursuant to an exchange agreement among the Issuer and certain common unit holders of Carvana Group, LLC, dated April 27, 2017 (the "Exchange Agreement").
|
(2)
|
Pursuant to the Exchange Agreement, the Class A Units are exchangeable for 0.8 shares of Class A Common Stock of the Issuer. The Class A Units have no expiration date.
|
(3)
|
This transaction was executed in multiple trades at prices ranging from $69.61 to $74.50, inclusive; the price reported above reflects the volume weighted average sale price.
|
(4)
|
Reflects the cancellation for no consideration of Class B Common Stock in connection with the conversion of Class A Units into Class A Common Stock.
|
(5)
|
The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person's son on March 15, 2019. The Reporting Person's son acquired the Class A Common Stock on May 10, 2019 by exchanging 3,750 Class A Units and 3,000 shares of Class B Common Stock for 3,000 shares of Class A Common Stock pursuant to the Exchange Agreement.
|
(6)
|
This transaction was executed in multiple trades at prices ranging from $70.78 to $74.38, inclusive; the price reported above reflects the volume weighted average sale price.
|
(7)
|
Reflects the cancellation for no consideration of Class B Common Stock in connection with the conversion of Class A Units into Class A Common Stock. Following the reported transaction, the remaining Class B Common Stock is owned directly by the Reporting Person's son.
|
(8)
|
The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person's parents on March 15, 2019.
|
(9)
|
This transaction was executed in multiple trades at prices ranging from $71.61 to $72.27, inclusive; the price reported above reflects the volume weighted average sale price.
|
Reporting Owners
|
Reporting Owner Name / Address
|
Relationships
|
Director
|
10% Owner
|
Officer
|
Other
|
PLATT IRA J.
C/O CARVANA CO.
1930 W. RIO SALADO PARKWAY
TEMPE, AZ 85281
|
X
|
|
|
|
Signatures
|
/s/ Paul Breaux, by Power of Attorney for Ira J. Platt
|
|
5/14/2019
|
**
Signature of Reporting Person
|
Date
|
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
|
*
|
If the form is filed by more than one reporting person,
see
Instruction 4(b)(v).
|
**
|
Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See
18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
|
Note:
|
File three copies of this Form, one of which must be manually signed. If space is insufficient,
see
Instruction 6 for procedure.
|
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
|
Carvana (NYSE:CVNA)
Historical Stock Chart
From Mar 2024 to Apr 2024
Carvana (NYSE:CVNA)
Historical Stock Chart
From Apr 2023 to Apr 2024