0001395942-17-000051.txt : 20170309
0001395942-17-000051.hdr.sgml : 20170309
20170309140438
ACCESSION NUMBER: 0001395942-17-000051
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20170307
FILED AS OF DATE: 20170309
DATE AS OF CHANGE: 20170309
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: 17677812
4
1
wf-form4_148908626509707.xml
FORM 4
X0306
4
2017-03-07
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
2017-03-07
4
A
0
77958.4322
0
A
238131.3889
D
Common Stock
2017-03-07
4
F
0
36057
44.72
D
202074.3889
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
Common Stock
6431.0
6431
D
Restricted Stock Units
Common Stock
14589.0
14589
D
The number of performance-based restricted stock units that vested was determined as follows: (1) fifty percent was determined based on the Company's total stockholder return relative to that of companies within the S&P 500 Index over a three-year period from February 27, 2014 through February 27, 2017; and (2) fifty percent was determined based on the Company's cumulative adjusted net income per share exceeding certain levels over the three-year period beginning on January 1, 2014 and ending on December 31, 2016.
Each performance-based restricted stock unit is convertible into a share of common stock on a 1-for-1 basis. The performance-based restricted stock units vested into common stock on March 7, 2017.
Includes 621.8178 shares acquired (including 12.6560 shares acquired by dividend reinvestment) pursuant to the Company's Employee Stock Purchase Plan on May 31, 2016.
Shares withheld by the Company to satisfy tax withholding requirements.
All of these options are currently exercisable.
145,803 of these options are currently exercisable and the remaining 48,601 options become exercisable on February 27, 2018, assuming continued employment through the applicable vesting date.
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 20, 2016, one-third of these restricted stock units vested on February 20, 2017 and the remaining one-third of these restricted stock units vest on February 20, 2018, 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 February 23, 2017, one-third of these restricted stock units vest on February 22, 2018 and the remaining one-third of these restricted stock units vest on February 22, 2019, assuming continued employment through the applicable vesting date.
Rebecca C. Polak as Attorney In Fact
2017-03-09