CARMAX INC — Director's Dealing 2019

Oct 15, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CARMAX INC (KMX)
CIK: 0001170010
Period of Report: 2019-10-11

Reporting Person: Newberry Darren C (SVP)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-10-11	Common Stock	M	4859	$73.76	Acquired	7413	Direct
2019-10-11	Common Stock	M	1827	$51.63	Acquired	9240	Direct
2019-10-11	Common Stock	M	1587	$53.62	Acquired	10827	Direct
2019-10-11	Common Stock	M	5773	$58.38	Acquired	16600	Direct
2019-10-11	Common Stock	M	483	$65.20	Acquired	17083	Direct
2019-10-11	Common Stock	M	10022	$63.04	Acquired	27105	Direct
2019-10-11	Common Stock	S	24551	$90.51	Disposed	2554	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-10-11	Stock Options (Right to Buy)	$73.76	M	4859	Disposed	2022-04-08	Common Stock (4859.0)	Direct
2019-10-11	Stock Options (Right to Buy)	$51.63	M	1827	Disposed	2023-04-12	Common Stock (1827.0)	Direct
2019-10-11	Stock Options (Right to Buy)	$53.62	M	1587	Disposed	2023-09-26	Common Stock (1587.0)	Direct
2019-10-11	Stock Options (Right to Buy)	$58.38	M	5773	Disposed	2024-05-01	Common Stock (5773.0)	Direct
2019-10-11	Stock Options (Right to Buy)	$65.2	M	483	Disposed	2024-12-27	Common Stock (483.0)	Direct
2019-10-11	Stock Options (Right to Buy)	$63.04	M	10022	Disposed	2025-05-01	Common Stock (10022.0)	Direct

Footnotes

F1: The shares with respect to this transaction were sold at prices ranging from $90.50 to $90.58. 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 stock options became 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 and are now fully exercisable.

F3: The stock options became exercisable with respect to one-fourth of the underlying shares of Common Stock on each of April 12, 2017, April 12, 2018 and April 12, 2019 and become exercisable with respect to one-fourth of the underlying shares of Common Stock on 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, 2017, September 26, 2018 and September 26, 2019 and become exercisable with respect to one-fourth of the underlying shares of Common Stock on September 26, 2020.

F5: The stock options became exercisable with respect to one-fourth of the underlying shares of Common Stock on each of May 1, 2018 and May 1, 2019 and become exercisable with respect to one-fourth of the underlying shares of Common Stock on each of May 1, 2020 and May 1, 2021.

F6: The stock options became exercisable with respect to one-fourth of the underlying shares of Common Stock on December 27, 2018 and become exercisable with respect to one-fourth of the underlying shares of Common Stock on each of December 27, 2019, December 27, 2020 and December 27, 2021.

F7: The stock options became exercisable with respect to one-fourth of the underlying shares of Common Stock on May 1, 2019 and become exercisable with respect to one-fourth of the underlying shares of Common Stock on each of May 1, 2020, May 1, 2021 and May 1, 2022.