0001395942-16-000265.txt : 20160223
0001395942-16-000265.hdr.sgml : 20160223
20160223171717
ACCESSION NUMBER: 0001395942-16-000265
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20160220
FILED AS OF DATE: 20160223
DATE AS OF CHANGE: 20160223
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: KAR Auction Services, Inc.
CENTRAL INDEX KEY: 0001395942
STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-AUTO DEALERS & GASOLINE STATIONS [5500]
IRS NUMBER: 208744739
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 13085 HAMILTON CROSSING BOULEVARD
CITY: CARMEL
STATE: IN
ZIP: 46032
BUSINESS PHONE: (800) 923-3725
MAIL ADDRESS:
STREET 1: 13085 HAMILTON CROSSING BOULEVARD
CITY: CARMEL
STATE: IN
ZIP: 46032
FORMER COMPANY:
FORMER CONFORMED NAME: KAR Holdings, Inc.
DATE OF NAME CHANGE: 20070409
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: HALLETT JAMES P
CENTRAL INDEX KEY: 0001194732
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-34568
FILM NUMBER: 161449331
4
1
wf-form4_145626582408102.xml
FORM 4
X0306
4
2016-02-20
0
0001395942
KAR Auction Services, Inc.
KAR
0001194732
HALLETT JAMES P
C/O: KAR AUCTION SERVICES, INC.
13085 HAMILTON CROSSING BOULEVARD
CARMEL
IN
46032
1
1
0
0
Chief Executive Officer
Common Stock
2016-02-20
4
M
0
6431
0
A
6431
D
Common Stock
2016-02-20
4
P
0
2032
33.90
D
4399
D
Employee Stock Option (right to buy)
13.46
2020-03-01
Common Stock
150000.0
150000
D
Employee Stock Option (right to buy)
30.89
2024-02-27
Common Stock
194404.0
194404
D
Restricted Stock Units
2016-02-20
4
M
0
6431
0
D
Common Stock
6431.0
12862
D
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 2/20/16.
Shares withheld by the Company to satisfy minimum tax withholding requirements.
37,500 of these service options are currently exercisable.
112,500 of these performance options are currently exercisable.
An additional condition to vesting is that the reporting person must be a director, officer, employee, consultant or agent of the Company or any of its subsidiaries on the date on which the conditions set forth above are satisfied.
These options are service options that vest based upon the passage of time and the reporting person's continued service with the Company. These options will vest as follows: 25% of these options became exercisable on 2/27/2015, 25% of these options become exercisable on 2/27/2016, 25% of these options become exercisable on 2/27/2017, and the remaining 25% of these options become exercisable on 2/27/2018.
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 vest on 2/20/2016, one-third of these restricted stock units vest on 2/20/2017 and the remaining one-third of these restricted stock units vest on 2/20/2018, assuming continued employment through the applicable vesting date.
Rebecca C. Polak as Attorney In Fact
2016-02-23