0001395942-19-000097.txt : 20190806
0001395942-19-000097.hdr.sgml : 20190806
20190806182118
ACCESSION NUMBER: 0001395942-19-000097
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20190805
FILED AS OF DATE: 20190806
DATE AS OF CHANGE: 20190806
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Kestner Michael T.
CENTRAL INDEX KEY: 0001594577
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-34568
FILM NUMBER: 191003434
MAIL ADDRESS:
STREET 1: 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_156513006177350.xml
FORM 4
X0306
4
2019-08-05
0
0001395942
KAR Auction Services, Inc.
KAR
0001594577
Kestner Michael T.
11299 NORTH ILLINOIS STREET
CARMEL
IN
46032
1
0
0
0
Common Stock
5922
D
Phantom Stock
2019-08-05
4
A
0
14679.903
0
A
Common Stock
14679.903
29640.903
D
Phantom Stock
Common Stock
1229.9308
1229.9308
D
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. 4,251.884 shares of phantom stock vest on June 4, 2020, and are 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.
In connection with the Company's separation of IAA, Inc. into an independent publicly-traded company, the reporting person has elected to receive shares of phantom stock (and cash) pursuant to the KAR Auction Services, Inc. Directors Deferred Compensation Plan, rather than units of phantom stock based on shares of IAA, Inc. common stock. 4,251.884 shares of phantom stock vest on June 4, 2020, and are subject to forfeiture until vested. All other shares of phantom stock are vested.
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
2019-08-06