Statement of Changes in Beneficial Ownership (4)
August 06 2019 - 4:53PM
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
*
Money James E. II
|
2. Issuer Name
and
Ticker or Trading Symbol
KAR Auction Services, Inc.
[
KAR
]
|
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director
_____ 10% Owner
__
X
__ Officer (give title below)
_____ Other (specify below)
AFC President
|
(Last)
(First)
(Middle)
11299 NORTH ILLINOIS STREET
|
3. Date of Earliest Transaction
(MM/DD/YYYY)
8/4/2019
|
(Street)
CARMEL, IN 46032
(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
|
Common Stock
|
8/4/2019
|
|
M
|
|
191
|
A
|
$0
(1)
|
13870.3891
|
D
|
|
Common Stock
|
8/4/2019
|
|
F
(2)
|
|
55
|
D
|
$26.45
|
13815.3891
|
D
|
|
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
|
Restricted Stock Units
|
(3)
|
8/4/2019
|
|
M
|
|
|
191
|
(4)
|
(4)
|
Common Stock
|
191.0
|
$0
|
0
|
D
|
|
Restricted Stock Units
|
(3)
|
|
|
|
|
|
|
(5)
|
(5)
|
Common Stock
|
613.0
|
|
613
|
D
|
|
Restricted Stock Units
|
(3)
|
|
|
|
|
|
|
(6)
|
(6)
|
Common Stock
|
1078.0
|
|
1078
|
D
|
|
Restricted Stock Units
|
(3)
|
|
|
|
|
|
|
(7)
|
(7)
|
Common Stock
|
1916.0
|
|
1916
|
D
|
|
Restricted Stock Units
|
(3)
|
|
|
|
|
|
|
(8)
|
(8)
|
Common Stock
|
5894.808
|
|
5894.808
|
D
|
|
Restricted Stock Units
|
(3)
|
|
|
|
|
|
|
(9)
|
(9)
|
Common Stock
|
5042.123
|
|
5042.123
|
D
|
|
Explanation of Responses:
|
(1)
|
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 August 4, 2019.
|
(2)
|
Shares withheld by the Company to satisfy tax withholding requirements.
|
(3)
|
Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis.
|
(4)
|
These restricted stock units were subject to a time-vesting requirement and vested and settled in common stock as follows: one-third of these restricted stock units vested on August 4, 2017, one-third of these restricted stock units vested on August 4, 2018 and the remaining one-third of these restricted stock units vested on August 4, 2019.
|
(5)
|
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 February 24, 2018, one-third of these restricted stock units vested on February 24, 2019 and the remaining one-third of these restricted stock units vest on February 24, 2020, assuming continued employment through the applicable vesting date.
|
(6)
|
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 March 2, 2019, one-third of these restricted stock units vest on March 2, 2020 and the remaining one-third of these restricted stock units vest on March 2, 2021, assuming continued employment through the applicable vesting date.
|
(7)
|
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 February 22, 2020, one-third of these restricted stock units vest on February 22, 2021 and the remaining one-third of these restricted stock units vest on February 22, 2022, assuming continued employment through the applicable vesting date.
|
(8)
|
These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in common stock on February 24, 2020, assuming continued employment through the applicable vesting date.
|
(9)
|
These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in common stock on March 2, 2021, assuming continued employment through the applicable vesting date.
|
Reporting Owners
|
Reporting Owner Name / Address
|
Relationships
|
Director
|
10% Owner
|
Officer
|
Other
|
Money James E. II
11299 NORTH ILLINOIS STREET
CARMEL, IN 46032
|
|
|
AFC President
|
|
Signatures
|
Rebecca C. Polak, Attorney In Fact
|
|
8/6/2019
|
**
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.
|
OPENLANE (NYSE:KAR)
Historical Stock Chart
From Aug 2024 to Sep 2024
OPENLANE (NYSE:KAR)
Historical Stock Chart
From Sep 2023 to Sep 2024