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OPENLANE, Inc. — Director's Dealing 2012
Dec 13, 2012
31385_dirs_2012-12-13_2deea5dc-ae2e-4ddd-8117-4cfb1212284d.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: KAR Auction Services, Inc. (KAR)
CIK: 0001395942
Period of Report: 2012-12-11
Reporting Person: Axle Holdings II, LLC (10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2012-12-11 | Common Stock | S | 3970267 | $16.7125 | Disposed | 23355823 | Indirect |
Footnotes
F1: Reflects sales of shares of common stock of KAR Auction Services, Inc. in a secondary offering by KAR Holdings II, LLC that closed on December 11, 2012.
F2: Includes 23,355,823 shares of common stock held of record by KAR Holdings II, LLC, by virtue of the reporting person's common ownership interest in KAR Holdings II, LLC. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.