X0306 4 2015-04-08 0 0001170010 CARMAX INC KMX 0001628337 Daniels Jon G 12800 TUCKAHOE CREEK PARKWAY RICHMOND VA 23238 0 1 0 0 SVP, CAF Stock Options (Right to Buy) 73.76 2015-04-08 4 A 0 43434 0 A 2022-04-08 Common Stock 43434 43434 D The stock options were granted in tandem with stock appreciation rights (SARS). Accordingly, the exercise of one results in the surrender to the Company of the other. The SARS become exercisable only following a change in control of the Company as set forth in the Company's 2002 Stock Incentive Plan, as amended and restated. Once exercisable, the SARS would entitle the Reporting Person to receive the cash value of the options in lieu of exercising the options. The stock options become exercisable with respect to one-fourth of the underlying shares of Common Stock on each of April 8, 2016, April 8, 2017, April 8, 2018 and April 8, 2019. Christine Carter, attorney-in-fact 2015-04-09