0001395942-19-000022.txt : 20190221 0001395942-19-000022.hdr.sgml : 20190221 20190221193203 ACCESSION NUMBER: 0001395942-19-000022 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20190219 FILED AS OF DATE: 20190221 DATE AS OF CHANGE: 20190221 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Peter Kelly CENTRAL INDEX KEY: 0001532010 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34568 FILM NUMBER: 19623664 MAIL ADDRESS: STREET 1: C/O KAR AUCTION SERVICES, INC. STREET 2: 13085 HAMILTON CROSSING BLVD. 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: 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_155079550845262.xml FORM 4 X0306 4 2019-02-19 0 0001395942 KAR Auction Services, Inc. KAR 0001532010 Peter Kelly C/O: KAR AUCTION SERVICES, INC. 13085 HAMILTON CROSSING BLVD. CARMEL IN 46032 0 1 0 0 President Common Stock 2019-02-19 4 A 0 12673 0 A 24069.0112 D Common Stock 2019-02-19 4 F 0 4789 53.85 D 19280.0112 D Employee Stock Option (right to buy) 12.97 2021-11-04 Common Stock 170000.0 170000 D Restricted Stock Units Common Stock 1107.0 1107 D Restricted Stock Units Common Stock 2070.0 2070 D Restricted Stock Units Common Stock 2670.0 2670 D The number of performance-based restricted stock units that vested was determined based on the Company's cumulative operating adjusted net income per share exceeding certain levels over the three-year period beginning on January 1, 2016 and ending on December 31, 2018. 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 February 19, 2019. Includes 631.9256 shares acquired (including 40.6295 shares acquired by dividend reinvestment) pursuant to the Company's Employee Stock Purchase Plan. Shares withheld by the Company to satisfy tax withholding requirements. 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 23, 2017, one-third of these restricted stock units vested 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. 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 vest 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 vest 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. Rebecca C. Polak as Attorney-in-Fact 2019-02-21