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CARMAX INC — Director's Dealing 2017
Sep 28, 2017
30853_dirs_2017-09-28_d05d6a36-562b-487d-900f-0c95f734089a.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: CARMAX INC (KMX)
CIK: 0001170010
Period of Report: 2017-09-26
Reporting Person: Shamim Mohammad (SVP and CIO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-09-26 | Common Stock | M | 15783 | $51.63 | Acquired | 17785 | Direct |
| 2017-09-26 | Common Stock | M | 4470 | $47.47 | Acquired | 22255 | Direct |
| 2017-09-26 | Common Stock | S | 20253 | $73.36 | Disposed | 2002 | Direct |
| 2017-09-26 | Common Stock | M | 2165 | — | Acquired | 4167 | Direct |
| 2017-09-26 | Common Stock | F | 1033 | $73.60 | Disposed | 3134 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-09-26 | Stock Options (Right to Buy) | $51.63 | M | 15783 | Disposed | 2023-04-12 | Common Stock (15783.0) | Direct |
| 2017-09-26 | Stock Options (Right to Buy) | $47.47 | M | 4470 | Disposed | 2021-09-26 | Common Stock (4470.0) | Direct |
| 2017-09-26 | Restricted Stock Units | $ | M | 1538 | Disposed | Common Stock (2165.0) | Direct |
Footnotes
F1: The shares with respect to this transaction were sold at prices ranging from $73.30 to $73.48. 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: Following vesting of the restricted stock units, which are referred to by the Company as market stock units (MSUs), the Reporting Person received 1.4078 times the number of MSUs in shares of Company common stock.
F3: The stock options became exercisable with respect to one-fourth of the underlying shares of Common Stock on April 12, 2017 and become exercisable with respect to one-fourth of the underlying shares of Common Stock on each of April 12, 2018, April 12, 2019 and April 12, 2020.
F4: The stock options became exercisable with respect to one-fourth of the underlying shares of Common Stock on each of September 26, 2015, September 26, 2016 and September 26, 2017 and become exercisable with respect to one-fourth of the underlying shares of Common Stock on September 26, 2018.
F5: The restricted stock units vested on September 26, 2017 and were settled in Company common stock.