X0306
4
2019-06-17
0
0001395942
KAR Auction Services, Inc.
KAR
0001291222
Hill Mark E
13085 HAMILTON CROSSING BLVD.
CARMEL
IN
46032
1
0
0
0
Common Stock
29700
D
Common Stock
800
I
Family Member's Brokerage Account
Phantom Stock
Common Stock
15707.0
15707
D
Phantom Stock
2019-06-17
4
A
0
85.85
60.07
A
Common Stock
85.85
1343.5807
D
The shares are held in a family member's brokerage account, over which the reporting person holds a power of attorney. The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.
The phantom stock will convert into shares of KAR common stock on a one-for-one basis.
Represents director fees deferred in the reporting person's account in the KAR Auction Services, Inc. Directors Deferred Compensation Plan. 2,230 shares of phantom stock were granted on June 4, 2019 at a price of $58.31 per share pursuant to the KAR Auction Services, Inc. 2009 Omnibus Stock and Incentive Plan and will be settled only for shares of KAR common stock on a one-for-one basis. This grant vests on June 4, 2020, and is subject to forfeiture until vested. All other shares of phantom stock are vested.
The reporting person will receive shares of KAR common stock, on a one-for-one basis, at a future date(s) specified by him subject to the terms and conditions of the KAR Auction Services, Inc. Directors Deferred Compensation Plan.
Reflects the reinvestment of dividend equivalents in additional shares of phantom stock pursuant to the KAR Auction Services, Inc. Directors Deferred Compensation Plan, of which all shares are vested.
Rebecca C. Polak as Attorney In Fact
2019-06-19