0001395942-22-000071.txt : 20221213
0001395942-22-000071.hdr.sgml : 20221213
20221213155404
ACCESSION NUMBER: 0001395942-22-000071
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20221209
FILED AS OF DATE: 20221213
DATE AS OF CHANGE: 20221213
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Loughmiller Eric M.
CENTRAL INDEX KEY: 0001478099
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-34568
FILM NUMBER: 221459633
MAIL ADDRESS:
STREET 1: 13085 HAMILTON CROSSING BOULEVARD
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_167096481814902.xml
FORM 4
X0306
4
2022-12-09
0
0001395942
KAR Auction Services, Inc.
KAR
0001478099
Loughmiller Eric M.
C/O: KAR AUCTION SERVICES, INC.
11299 NORTH ILLINOIS STREET
CARMEL
IN
46032
0
1
0
0
EVP & CFO
Common Stock
2022-12-09
4
M
0
2886
0
A
281041.642
D
Common Stock
2022-12-09
4
F
0
2886
13.37
D
278155.642
D
Restricted Stock Units
2022-12-09
4
A
0
100000
0
A
Common Stock
100000.0
100000
D
Restricted Stock Units
2022-12-09
4
M
0
2886
0
D
Common Stock
2886.0
97114
D
Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis.
Includes shares acquired pursuant to the Company's Employee Stock Purchase Plan.
Shares withheld by the Company to satisfy tax withholding requirements.
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 May 9, 2023, one-third of these restricted stock units vest on May 9, 2024 and the remaining one-third of these restricted stock units vest on May 9, 2025, subject to certain continued employment conditions.
Shares withheld to satisfy FICA taxes due in the year the reporting person reaches retirement eligibility. Each remaining 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: 32,371 of these restricted stock units vest on May 9, 2023, 32,371 of these restricted stock units vest on May 9, 2024 and the remaining 32,372 of these restricted stock units vest on May 9, 2025, subject to certain continued employment conditions.
Charles S. Coleman, as Attorney-in-Fact
2022-12-13