0001170010-20-000077.txt : 20200505
0001170010-20-000077.hdr.sgml : 20200505
20200505174935
ACCESSION NUMBER: 0001170010-20-000077
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200501
FILED AS OF DATE: 20200505
DATE AS OF CHANGE: 20200505
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: MARGOLIN ERIC M
CENTRAL INDEX KEY: 0001236893
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-31420
FILM NUMBER: 20850388
MAIL ADDRESS:
STREET 1: C/O ADVANCE AUTO PARTS
STREET 2: 5673 AIRPORT RD
CITY: ROANOKE
STATE: VA
ZIP: 24012
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: CARMAX INC
CENTRAL INDEX KEY: 0001170010
STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-AUTO DEALERS & GASOLINE STATIONS [5500]
IRS NUMBER: 541821055
STATE OF INCORPORATION: VA
FISCAL YEAR END: 0228
BUSINESS ADDRESS:
STREET 1: 12800 TUCKAHOE CREEK PARKWAY
CITY: RICHMOND
STATE: VA
ZIP: 23238
BUSINESS PHONE: (804) 747-0422
MAIL ADDRESS:
STREET 1: 12800 TUCKAHOE CREEK PARKWAY
CITY: RICHMOND
STATE: VA
ZIP: 23238
4
1
wf-form4_158871535743697.xml
FORM 4
X0306
4
2020-05-01
0
0001170010
CARMAX INC
KMX
0001236893
MARGOLIN ERIC M
12800 TUCKAHOE CREEK PKWY
RICHMOND
VA
23238
0
1
0
0
EVP, Gen. Counsel & Secretary
Common Stock
2020-05-01
4
F
0
3060
71.07
D
24440
D
Restricted Stock Units
2020-05-01
4
A
0
4675
0
A
Common Stock
4675
D
Stock Options (Right to Buy)
71.07
2020-05-01
4
A
0
57758
0
A
2027-05-01
Common Stock
57758.0
57758
D
Shares of Company common stock will be issued to the Reporting Person following vesting of the restricted stock units, which are referred to by the Company as market stock units (MSUs), in accordance with the terms of the Form of Notice of Market Stock Unit Grant filed as Exhibit 10.55 to the Company's Annual Report on Form 10-K filed on April 21, 2020. The minimum number of shares of Company common stock that will be issued to the Reporting Person at payment is zero, and the maximum number of shares of Company common stock that will be issued at payment is two times the number of MSUs.
The restricted stock units shall vest on May 1, 2023.
The stock options were granted in tandem with stock appreciation rights (SARS). Accordingly, the exercise of one results in the surrender to the Company of the other. The SARS become exercisable only following a change in control of the Company as set forth in the Company's 2002 Stock Incentive Plan, as amended and restated. Once exercisable, the SARS would entitle the Reporting Person to receive the cash value of the options in lieu of exercising the options.
The stock options become exercisable with respect to one-fourth of the underlying shares of Common Stock on each of May 1, 2021, May 1, 2022, May 1, 2023 and May 1, 2024.
Christine Carter, attorney-in-fact
2020-05-05