CARMAX INC — Director's Dealing 2015

Jul 24, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CARMAX INC (KMX)
CIK: 0001170010
Period of Report: 2015-07-22

Reporting Person: STEMBERG THOMAS (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-07-22	Common Stock	M	7610	$14.49	Acquired	24693	Direct
2015-07-22	Common Stock	S	7610	$66.38	Disposed	17083	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-07-22	Stock Options (Right to Buy)	$14.49	M	7610	Disposed	2016-06-26	Common Stock (7610)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	13967	Indirect
Common Stock	295	Indirect

Footnotes

F1: The shares with respect to this transaction were sold at prices ranging from $66.30 to $66.42. Upon request, the Reporting Person will provide the Securities and Exchange Commission staff, the Issuer, or any security holder of the Issuer, full information regarding the number of shares sold at each separate price.

F2: Shares held indirectly through a grantor retained annuity trust for which the Reporting Person is the beneficial holder.

F3: The Reporting Person's son holds KMX shares through a Uniform Transfers to Minor Act account.

F4: The stock options vested in three equal installments on each of June 26, 2010, June 26, 2011 and June 26, 2012 and are now fully exercisable.