CARMAX INC — Director's Dealing 2016

Jul 15, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CARMAX INC (KMX)
CIK: 0001170010
Period of Report: 2016-07-14

Reporting Person: Daniels Jon G (SVP, CAF)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-07-14	Common Stock	M	9011	$32.69	Acquired	22978	Direct
2016-07-14	Common Stock	S	9011	$55.39	Disposed	13967	Direct
2016-07-14	Common Stock	S	2180	$55.41	Disposed	11787	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-07-14	Stock Options (Right to Buy)	$32.69	M	9011	Disposed	2018-04-05	Common Stock (9011.0)	Direct

Footnotes

F1: The shares with respect to this transaction were sold at prices ranging from $55.39 to $55.40. 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: The shares with respect to this transaction were sold at prices ranging from $55.41 to $55.42. 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 purchased at each separate price.

F3: The stock options vested in four equal installments on each of April 5, 2012, April 5, 2013, April 5, 2014 and April 5, 2015 and are now fully exercisable.