CARMAX INC — Director's Dealing 2017

Jan 5, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CARMAX INC (KMX)
CIK: 0001170010
Period of Report: 2017-01-03

Reporting Person: MARGOLIN ERIC M (EVP, Gen. Counsel & Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-01-03	Common Stock	M	3604	$31.76	Acquired	27768	Direct
2017-01-03	Common Stock	S	3604	$64.82	Disposed	24164	Direct
2017-01-04	Common Stock	M	21396	$31.76	Acquired	45560	Direct
2017-01-04	Common Stock	S	21396	$65.40	Disposed	24164	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-01-03	Stock Options (Right to Buy)	$31.76	M	3604	Disposed	2019-04-10	Common Stock (3604.0)	Direct
2017-01-04	Stock Options (Right to Buy)	$31.76	M	21396	Disposed	2019-04-10	Common Stock (21396.0)	Direct

Footnotes

F1: The stock options vested in four equal installments on each of April 10, 2013, April 10, 2014, April 10, 2015 and April 10, 2016 and are now fully exercisable.