4 1 kerley.txt SIDNEY'S FORM 4 4 1 Nasdaq 0001197835 Officer Insurance Auto Auctions, Inc. 880026 95-3790111 12/12/02 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. 1. Name and Address of Reporting Person(s) Kerley, Sidney L. Insurance Auto Auctions, Inc. 850 E. Algonquin Rd., Ste. 100 Schaumburg, IL 60173 2. Issuer Name and Ticker or Trading Symbol Insurance Auto Auctions, Inc. (IAAI) 3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary) 4. Statement for Month/Day/Year 12/12/2002 5. If Amendment, Date of Original (Month/Day/Year) 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) [ ] Director [ ] 10% Owner [X] Officer (give title below) [ ] Other (specify below) VP, Corporate Counsel 7. Individual or Joint/Group Filing (Check Applicable Line) [X] Form filed by One Reporting Person [ ] Form filed by More than One Reporting Person
Table I Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned ------------------------------------------------------------------------------------------------------------------------------------ 1)Title of Security 2)Trans- 3.Trans- 4.Securities Acquired(A) 5)Amount of 6) 7)Nature of action action or Disposed of (D) Securities Indirect Date Code A Beneficially D Beneficial (Month/ or Owned at or Ownership Day/Year) Code V Amount D Price End of Month I ------------------------------------------------------------------------------------------------------------------------------------ Table II (PART 1) Derivative Securities Acquired, Disposed of, or Beneficially Owned (Columns 1 through 6) ------------------------------------------------------------------------------------------------------------------------------------ 1)Title of Derivative 2)Conversion 3)Trans- 4)Trans- 5)Number of Derivative 6)Date Exercisable and Security or Exercise action action Securities Acquired (A) Expiration Date Price of Date Code or Disposed of (D) Derivative Security Code V A D Exercisable Expiration ------------------------------------------------------------------------------------------------------------------------------------ Incentive Stock Option (right $15.600000 11/12/02 J 2,500 11/12/12 to buy) Incentive Stock Option (right $16.740000 04/01/12 to buy) Non-Qualified Stock Option $13.090000 11/08/11 (right to buy) Table II (PART 2) Derivative Securities Acquired, Disposed of, or Beneficially Owned (Columns 1,3 and 7 through 11) ------------------------------------------------------------------------------------------------------------------------------------ 1)Title of Derivative 3)Trans- 7)Title and Amount 8)Price 9)Number of 10) 11)Nature of Security action of Underlying of Deri- Derivative Indirect Date Securities vative Securities D Beneficial Amount or Security Beneficially or Ownership Number of Owned at I - Title Shares End of Month ------------------------------------------------------------------------------------------------------------------------------------ Incentive Stock Option (right 11/12/02 Common Stock 2,500 2,500 D Direct to buy) Incentive Stock Option (right Common Stock 5,000 5,000 D Direct to buy) Non-Qualified Stock Option Common Stock 5,000 5,000 D Direct (right to buy) Explanation of Responses: - Options granted under the 1991 Stock Option Plan, as amended. The options to buy shares of Insurance Auto Auctions, Inc. will becom e exercisable in 25% increments annually over four years.
SIGNATURE OF REPORTING PERSON /S/ By: Dena Strand For: Sidney L. Kerley DATE 12/12/02