0001209191-21-000531.txt : 20210104
0001209191-21-000531.hdr.sgml : 20210104
20210104192022
ACCESSION NUMBER: 0001209191-21-000531
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20201231
FILED AS OF DATE: 20210104
DATE AS OF CHANGE: 20210104
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: GARCIA ERNEST C. II
CENTRAL INDEX KEY: 0001017608
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38073
FILM NUMBER: 21503393
MAIL ADDRESS:
STREET 1: 1720 W. RIO SALADO PARKWAY
STREET 2: SUITE A
CITY: TEMPE
STATE: AZ
ZIP: 85281
FORMER NAME:
FORMER CONFORMED NAME: GARCIA ERNEST C II
DATE OF NAME CHANGE: 19960626
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: VERDE INVESTMENTS, INC.
CENTRAL INDEX KEY: 0001704727
STATE OF INCORPORATION: AZ
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38073
FILM NUMBER: 21503394
BUSINESS ADDRESS:
STREET 1: 1720 W. RIO SALADO PARKWAY
STREET 2: SUITE A
CITY: TEMPE
STATE: AZ
ZIP: 85281
BUSINESS PHONE: 602.778.5000
MAIL ADDRESS:
STREET 1: 1720 W. RIO SALADO PARKWAY
STREET 2: SUITE A
CITY: TEMPE
STATE: AZ
ZIP: 85281
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: CARVANA CO.
CENTRAL INDEX KEY: 0001690820
STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-AUTO DEALERS & GASOLINE STATIONS [5500]
IRS NUMBER: 814549921
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1930 W. RIO SALADO PARKWAY
CITY: TEMPE
STATE: AZ
ZIP: 85281
BUSINESS PHONE: (480) 719-8809
MAIL ADDRESS:
STREET 1: 1930 W. RIO SALADO PARKWAY
CITY: TEMPE
STATE: AZ
ZIP: 85281
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2020-12-31
0
0001690820
CARVANA CO.
CVNA
0001017608
GARCIA ERNEST C. II
1720 W. RIO SALADO PARKWAY, SUITE A
TEMPE
AZ
85281
0
0
1
0
0001704727
VERDE INVESTMENTS, INC.
1720 W. RIO SALADO PARKWAY, SUITE A
TEMPE
AZ
85281
0
0
1
0
Class A Common Stock
2020-12-31
4
C
0
9307
0.00
A
9307
D
Class A Common Stock
2020-12-31
4
S
0
9307
240.1316
D
0
D
Class A Common Stock
2020-12-31
4
C
0
5479
0.00
A
5479
D
Class A Common Stock
2020-12-31
4
S
0
5479
241.0475
D
0
D
Class A Common Stock
2020-12-31
4
C
0
2961
0.00
A
2961
D
Class A Common Stock
2020-12-31
4
S
0
2961
242.1142
D
0
D
Class A Common Stock
2020-12-31
4
C
0
12996
0.00
A
12996
D
Class A Common Stock
2020-12-31
4
S
0
12996
243.1789
D
0
D
Class A Common Stock
2020-12-31
4
C
0
6557
0.00
A
6557
D
Class A Common Stock
2020-12-31
4
S
0
6557
243.9237
D
0
D
Class A Common Stock
2020-12-31
4
C
0
700
0.00
A
700
D
Class A Common Stock
2020-12-31
4
S
0
700
244.9229
D
0
D
Class A Common Stock
2020-12-31
4
C
0
700
0.00
A
700
D
Class A Common Stock
2020-12-31
4
S
0
700
245.7586
D
0
D
Class A Common Stock
2020-12-31
4
C
0
400
0.00
A
400
D
Class A Common Stock
2020-12-31
4
S
0
400
247.355
D
0
D
Class A Common Stock
2020-12-31
4
C
0
300
0.00
A
300
D
Class A Common Stock
2020-12-31
4
S
0
300
248.4433
D
0
D
Class A Common Stock
2020-12-31
4
C
0
200
0.00
A
200
D
Class A Common Stock
2020-12-31
4
S
0
200
249.10
D
0
D
Class A Common Stock
2020-12-31
4
C
0
100
0.00
A
100
D
Class A Common Stock
2020-12-31
4
S
0
100
249.99
D
0
D
Class A Common Stock
2020-12-31
4
C
0
300
0.00
A
300
D
Class A Common Stock
2020-12-31
4
S
0
300
251.00
D
0
D
Class A Common Stock
555556
I
Verde Investments, Inc.
Class A Common Stock
100000
I
Ernest C. Garcia III Multi-Generational Trust III
Class B Common Stock
11834021
I
Ernest Irrevocable 2004 Trust III
Class B Common Stock
2020-12-31
4
J
0
40000
0.00
D
47329482
D
Class B Common Stock
11952000
I
Ernest C. Garcia III Multi-Generational Trust III
Class B Common Stock
8000000
I
ECG II SPE, LLC
Class A Units
2020-12-31
4
C
0
50000
0.00
D
Class A Common Stock
40000
59161852
D
Class A Units
Class A Common Stock
14792526
I
Ernest Irrevocable 2004 Trust III
Class A Units
Class A Common Stock
14940000
I
Ernest C. Garcia III Multi-Generational Trust III
Class A Units
Class A Common Stock
10000000
I
ECG II SPE, LLC
Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by Ernest C. Garcia II into shares of Class A Common Stock ("Class A Shares") of the Issuer pursuant to the Exchange Agreement, dated April 27, 2017, by and among the Issuer, Carvana Co. Sub LLC, Carvana Group and the members of Carvana Group (the "Exchange Agreement").
The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by Ernest C. Garcia II and Elizabeth Joanne Garcia on June 15, 2020, as modified.
Column 4 reflects weighted average prices. These shares were sold in multiple transactions at prices ranging from $239.615-$240.61 inclusive (weighted average of $240.1316); $240.62-$241.60 inclusive (weighted average of $241.0475); $241.62-$242.61 inclusive (weighted average of $242.1142); $242.64-$243.63 inclusive (weighted average of $243.1789); $243.64-$244.49 inclusive (weighted average of $243.9237); $244.64-$245.38 inclusive (weighted average of $244.9229); $245.50-$246.01 inclusive (weighted average of $245.7586); $246.90-$247.67 inclusive (weighted average of $247.3550); $247.94-$248.91 inclusive (weighted average of $248.4433); and $248.94-$249.26 inclusive (weighted average of $249.1000), respectively. The reporting person undertakes to provide issuer, a securityholder of the issuer or to SEC staff, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.
These Class A Shares are owned directly by Verde Investments, Inc., an entity which Mr. Garcia wholly owns and controls.
These Class A Shares are owned directly by the Ernest C. Garcia III Multi-Generational Trust III (the "Multi-Generational Trust"). Mr. Garcia has sole investment and dispository power over the Multi-Generational Trust assets and Mr. Garcia's son, Ernie Garcia, III, together with Ernie Garcia, III's children, are the sole beneficiaries of the Multi-Generational Trust.
These Class B Shares are owned directly by the Ernest Irrevocable 2004 Trust III (the "2004 Trust"). Mr. Garcia has shared investment and dispository power over the 2004 Trust assets and Mr. Garcia's son, Ernie Garcia, III, is the sole beneficiary of the 2004 Trust.
Reflects the cancellation for no consideration of Class B Common Stock of the Issuer ("Class B Shares") in connection with the conversion of Class A Units into Class A Shares. Following the reported transaction, the remaining Class B Shares are owned directly by Ernest C. Garcia II.
These Class B Shares are owned directly by the Multi-Generational Trust.
These Class B Shares are owned directly by ECG II SPE, LLC ("E-SPE"), an entity which Mr. Garcia wholly owns and controls.
These Class A Units are owned directly by the 2004 Trust and are exchangeable for 0.8 Class A Shares pursuant to the Exchange Agreement.
These Class A Units are owned directly by the Multi-Generational Trust and are exchangeable for 0.8 Class A Shares pursuant to the Exchange Agreement.
These Class A Units are owned directly by E-SPE and are exchangeable for 0.8 Class A Shares pursuant to the Exchange Agreement.
/s/ Ernest C. Garcia II
2021-01-04
/s/ Ernest C. Garcia II, Verde Investments, Inc.
2021-01-04