0001395942-19-000088.txt : 20190702 0001395942-19-000088.hdr.sgml : 20190702 20190702204712 ACCESSION NUMBER: 0001395942-19-000088 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20190628 FILED AS OF DATE: 20190702 DATE AS OF CHANGE: 20190702 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: 19939898 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 4 1 wf-form4_156211480036357.xml FORM 4 X0306 4 2019-06-28 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 323434.883 D Employee Stock Option (right to buy) 30.89 2024-02-27 Common Stock 194404.0 194404 D Restricted Stock Units Common Stock 6316.0 6316 D Restricted Stock Units Common Stock 11532.0 11532 D Restricted Stock Units Common Stock 20719.0 20719 D Restricted Stock Units 2019-06-28 4 A 0 63337.11 0 A Common Stock 63337.11 63337.11 D Restricted Stock Units 2019-06-28 4 A 0 56175.19 0 A Common Stock 56175.19 56175.19 D Includes 1,727.76 shares acquired (including 99.556 shares acquired by dividend reinvestment) pursuant to the Company's Employee Stock Purchase Plan. All of these options are currently exercisable. 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. In connection with the Company's separation of IAA, Inc. into an independent publicly-traded company, certain previously-issued performance restricted stock units held by the reporting person, which were subject to performance-based vesting conditions (as described in further detail in the Company's annual proxy statement filed with the SEC on April 24, 2019) were converted at the target level of performance into restricted stock units subject only to the service-based vesting conditions described in this Form 4. 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. Rebecca C. Polak as Attorney In Fact 2019-07-02