Statement of Changes in Beneficial Ownership (4)
April 07 2020 - 06:38PM
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 * Jacoby
Stefan |
2. Issuer Name and Ticker or Trading
Symbol KAR Auction Services, Inc. [ KAR ] |
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)
11299 NORTH ILLINOIS STREET |
3. Date of Earliest Transaction (MM/DD/YYYY)
4/3/2020
|
(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 |
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 |
Phantom Stock |
(1) |
|
|
|
|
|
|
(2)(3) |
(3) |
Common Stock |
2230.0 |
|
2230 |
D |
|
Phantom Stock |
(1) |
4/3/2020 |
|
A |
|
45.341 |
|
(3) |
(3) |
Phantom Stock |
45.341 |
$9.50 |
82.387 (4) |
D |
|
Explanation of
Responses: |
(1) |
The phantom stock will
convert into shares of KAR common stock on a one-for-one
basis. |
(2) |
Represents director fees
deferred in the reporting person's account in the KAR Auction
Services, Inc. Directors Deferred Compensation Plan. 2,230 shares
of phantom stock vest on June 4, 2020, and are subject to
forfeiture until vested. |
(3) |
The reporting person will
receive shares of KAR common stock, on a one-for-one basis, at a
future date(s) specified by him subject to the terms and conditions
of the KAR Auction Services, Inc. Directors Deferred Compensation
Plan. |
(4) |
Reflects the reinvestment of
dividend equivalents in additional shares of phantom stock pursuant
to the KAR Auction Services, Inc. Directors Deferred Compensation
Plan, which shares vest on June 4, 2020 and are subject to
forfeiture until vested. |
Reporting
Owners
|
Reporting Owner Name / Address |
Relationships
|
Director |
10% Owner |
Officer |
Other |
Jacoby Stefan
11299 NORTH ILLINOIS STREET
CARMEL, IN 46032 |
X |
|
|
|
Signatures
|
Charles S. Coleman, as
Attorney-in-Fact |
|
4/7/2020 |
**Signature of
Reporting Person |
Date |