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 *

Kelly Peter J
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)
President
(Last)          (First)          (Middle)

C/O: KAR AUCTION SERVICES, INC., 11299 NORTH ILLINOIS STREET
3. Date of Earliest Transaction (MM/DD/YYYY)

3/2/2021
(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 3/2/2021  M  890 A$0 (1)206813.2426 (2)D  
Common Stock 3/2/2021  F(3)  260 D$13.99 206553.2426 D  
Common Stock 3/2/2021  M  8324 A$0 (1)214877.2426 D  
Common Stock 3/2/2021  F(3)  2431 D$13.99 212446.2426 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 Security3. Trans. Date3A. Deemed Execution Date, if any4. 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 Date7. 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units  (4)3/2/2021  M     890   (5) (5)Common Stock 890.0 $0 0 D  
Restricted Stock Units  (4)           (6) (6)Common Stock 2125.0  2125 D  
Restricted Stock Units  (4)3/2/2021  M     8324   (7) (7)Common Stock 8324.0 $0 0 D  
Restricted Stock Units  (4)           (8) (8)Common Stock 13997.263  13997.263 D  
Restricted Stock Units  (4)           (9) (9)Common Stock 10113.0  10113 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 March 2, 2021.
(2) Includes 636.157 shares acquired pursuant to the Company's Employee Stock Purchase Plan.
(3) Shares withheld by the Company to satisfy tax withholding requirements.
(4) Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis.
(5) 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 March 2, 2019, one-third of these restricted stock units vested on March 2, 2020 and the remaining one-third of these restricted stock units vested on March 2, 2021.
(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 February 22, 2020, one-third of these restricted stock units vested 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.
(7) These restricted stock units were subject to a time-vesting requirement and vested and settled in common stock on March 2, 2021.
(8) These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in common stock on February 22, 2022, 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 as follows: one-third of these restricted stock units vested on February 21, 2021, one-third of these restricted stock units vest on February 21, 2022 and the remaining one-third of these restricted stock units vest on February 21, 2023, assuming continued employment through the applicable vesting date.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Kelly Peter J
C/O: KAR AUCTION SERVICES, INC.
11299 NORTH ILLINOIS STREET
CARMEL, IN 46032


President

Signatures
Charles S. Coleman as Attorney-In-Fact3/4/2021
**Signature of Reporting PersonDate

OPENLANE (NYSE:KAR)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more OPENLANE Charts.
OPENLANE (NYSE:KAR)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more OPENLANE Charts.