0001170010-21-000087.txt : 20210504
0001170010-21-000087.hdr.sgml : 20210504
20210504180807
ACCESSION NUMBER: 0001170010-21-000087
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210501
FILED AS OF DATE: 20210504
DATE AS OF CHANGE: 20210504
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Daniels Jon G
CENTRAL INDEX KEY: 0001628337
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-31420
FILM NUMBER: 21890257
MAIL ADDRESS:
STREET 1: 12800 TUCKAHOE CREEK PARKWAY
CITY: RICHMOND
STATE: VA
ZIP: 23238
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_162016605181827.xml
FORM 4
X0306
4
2021-05-01
0
0001170010
CARMAX INC
KMX
0001628337
Daniels Jon G
12800 TUCKAHOE CREEK PARKWAY
RICHMOND
VA
23238
0
1
0
0
SVP, CAF
Common Stock
2021-05-01
4
M
0
7290
A
10035
D
Common Stock
2021-05-01
4
F
0
3288
133.01
D
6747
D
Restricted Stock Units
2021-05-01
4
M
0
3645
0
D
Common Stock
7290.0
0
D
Stock Options (Right to Buy)
136.94
2021-05-03
4
A
0
21148
0
A
2028-05-03
Common Stock
21148.0
21148
D
Following vesting of the restricted stock units, which are referred to by the Company as market stock units (MSUs), the Reporting Person received two times the number of MSUs in shares of Company common stock.
The restricted stock units vested on May 1, 2021 and were settled in Company common stock.
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 3, 2022, May 3, 2023, May 3, 2024 and May 3, 2025.
Christine Carter, attorney-in-fact
2021-05-04