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