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OPENLANE, Inc. — Director's Dealing 2014
Nov 7, 2014
31385_dirs_2014-11-07_b9955400-d12f-44cf-bf41-e98ece4e8250.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: 2014-11-05
Reporting Person: Vignes David (EVP of Enterprise Optimization)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2014-11-05 | Common Stock | M | 22390 | $13.46 | Acquired | 22390 | Direct |
| 2014-11-05 | Common Stock | S | 22390 | $33 | Disposed | 0 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2014-11-05 | Employee Stock Option (right to buy) | $13.46 | A | 22390 | Disposed | 2020-03-01 | Common Stock (22390.0) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 5000 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Employee Stock Option (right to buy) | $16.677 | 2018-08-19 | Common Stock (24800.0) | 24800 | Direct |
| Employee Stock Option (right to buy) | $10.0 | 2017-08-20 | Common Stock (19785.0) | 19785 | Direct |
| Employee Stock Option (right to buy) | $18.8 | 2021-05-05 | Common Stock (50000.0) | 50000 | Direct |
Footnotes
F1: 14,525 of these options are performance options that are currently exercisable. 10,275 of these options vest if the closing price of a share of the Company's common stock exceeds $35.00 for twenty (20) consecutive trading days.
F2: An additional condition to vesting is that the reporting person must be a director, officer, employee, consultant or agent of the Company or any of its subsidiaries on the date on which the conditions set forth above are satisfied.
F3: 19,785 of these performance options will vest if the closing price of a share of the Company's common stock exceeds $35.00 for twenty (20) consecutive trading days.
F4: 37,500 of these options are service options that are currently exercisable. 12,500 become exercisable on 5/5/2015.
F5: 50,377 of these options are performance options that are currently exercisable and 16,793 of these options vest if the closing price of a share of the Company's common stock exceeds $35.00 for twenty (20) consecutive trading days.