CARMAX INC — Director's Dealing 2020

Jun 25, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CARMAX INC (KMX)
CIK: 0001170010
Period of Report: 2020-06-23

Reporting Person: Wilson Charles Joseph (SVP)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-06-23	Common Stock	M	15493	$73.76	Acquired	22011	Direct
2020-06-23	Common Stock	M	994	$65.20	Acquired	23005	Direct
2020-06-23	Common Stock	M	16800	$58.38	Acquired	39805	Direct
2020-06-23	Common Stock	M	5798	$51.63	Acquired	45603	Direct
2020-06-23	Common Stock	S	4823	$94.54	Disposed	40780	Direct
2020-06-23	Common Stock	S	200	$93.33	Disposed	40580	Direct
2020-06-23	Common Stock	S	34062	$92.16	Disposed	6518	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-06-23	Stock Options (Right to Buy)	$73.76	M	15493	Disposed	2022-04-08	Common Stock (15493.0)	Direct
2020-06-23	Stock Options (Right to Buy)	$65.2	M	994	Disposed	2024-12-27	Common Stock (994.0)	Direct
2020-06-23	Stock Options (Right to Buy)	$58.38	M	16800	Disposed	2024-05-01	Common Stock (16800.0)	Direct
2020-06-23	Stock Options (Right to Buy)	$51.63	M	5798	Disposed	2023-04-12	Common Stock (5798.0)	Direct

Footnotes

F1: The shares with respect to this transaction were sold at prices ranging from $94.18 to $95.00. 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 $93.14 to $93.52. 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.

F3: The shares with respect to this transaction were sold at prices ranging from $92.00 to $92.91. 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.

F4: 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.

F5: The stock options became exercisable with respect to one-fourth of the underlying shares of Common Stock on December 27, 2018 and December 27, 2019 and become exercisable with respect to one-fourth of the underlying shares of Common Stock on each of December 27, 2020 and December 27, 2021.

F6: The stock options became exercisable with respect to one-fourth of the underlying shares of Common Stock on each of May 1, 2018, May 1, 2019 and May 1, 2020 and become exercisable with respect to one-fourth of the underlying shares of Common Stock on May 1, 2021.

F7: The stock options became exercisable with respect to one-fourth of the underlying shares of Common Stock on April 12, 2017, April 12, 2018, April 12, 2019 and April 12, 2020 and are now fully exercisable.