0001395942-20-000021.txt : 20200221 0001395942-20-000021.hdr.sgml : 20200221 20200221165102 ACCESSION NUMBER: 0001395942-20-000021 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20200219 FILED AS OF DATE: 20200221 DATE AS OF CHANGE: 20200221 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Coleman Charles S. CENTRAL INDEX KEY: 0001791222 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34568 FILM NUMBER: 20640794 MAIL ADDRESS: STREET 1: 11299 NORTH ILLINOIS STREET CITY: CARMEL STATE: IN ZIP: 46032 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: 11299 N. ILLINOIS STREET CITY: CARMEL STATE: IN ZIP: 46032 BUSINESS PHONE: (800) 923-3725 MAIL ADDRESS: STREET 1: 11299 N. ILLINOIS STREET CITY: CARMEL STATE: IN ZIP: 46032 FORMER COMPANY: FORMER CONFORMED NAME: KAR Holdings, Inc. DATE OF NAME CHANGE: 20070409 4 1 wf-form4_158232184549185.xml FORM 4 X0306 4 2020-02-19 0 0001395942 KAR Auction Services, Inc. KAR 0001791222 Coleman Charles S. C/O: KAR AUCTION SERVICES, INC. 11299 NORTH ILLINOIS STREET CARMEL IN 46032 0 1 0 0 SVP, Gen. Counsel & Secretary Common Stock 4120.172 D Restricted Stock Units Common Stock 339.693 339.693 D Restricted Stock Units Common Stock 382.0 382 D Restricted Stock Units Common Stock 824.0 824 D Restricted Stock Units Common Stock 1011.231 1011.231 D Restricted Stock Units Common Stock 1800.758 1800.758 D Restricted Stock Units 2020-02-19 4 A 0 1808.483 0 A Common Stock 1808.483 1808.483 D Includes 1,701.156 shares acquired pursuant to the Company's Employee Stock Purchase Plan. Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis. 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 vested on February 24, 2018, one-third of these restricted stock units vested on February 24, 2019 and the remaining one-third of these restricted stock units vest on February 24, 2020, assuming continued employment through the applicable vesting date. 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 vested on March 2, 2019, one-third of these restricted stock units vest on March 2, 2020 and the remaining one-third of these restricted stock units vest on March 2, 2021, assuming continued employment through the applicable vesting date. 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 February 22, 2020, one-third of these restricted stock units vest on February 22, 2021 and the remaining one-third of these restricted stock units vest on February 22, 2022, assuming continued employment through the applicable vesting date. These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in common stock on February 24, 2020, assuming continued employment through the applicable vesting date. These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in common stock on March 2, 2021, assuming continued employment through the applicable vesting date. These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in common stock on February 22, 2022, assuming continued employment through the applicable vesting date. The number of performance restricted stock units that were converted into restricted stock units was determined based on the Company's operating adjusted net income per share exceeding certain levels over the one-year period beginning on December 1, 2019 and ending on December 31, 2019. Charles S. Coleman 2020-02-21