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