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OPENLANE, Inc. — Director's Dealing 2014
Aug 18, 2014
31385_dirs_2014-08-18_8c583757-33bf-4823-9168-0679a79f12dc.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: 2014-08-18
Reporting Person: Caruso Thomas J. (Chief Client Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2014-08-18 | Common Stock | M | 3075 | $10 | Acquired | 3075 | Direct |
| 2014-08-18 | Common Stock | S | 3075 | $29.40 | Disposed | 0 | Direct |
| 2014-08-18 | Common Stock | M | 5000 | $16.677 | Acquired | 5000 | Direct |
| 2014-08-18 | Common Stock | S | 5000 | $29.40 | Disposed | 0 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2014-08-18 | Employee Stock Option (right to buy) | $10.0 | A | 3075 | Disposed | 2017-08-20 | Common Stock (3075.0) | Direct |
| 2014-08-18 | Employee Stock Option (right to buy) | $16.677 | A | 5000 | Disposed | 2018-08-19 | Common Stock (5000.0) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Employee Stock Option (right to buy) | $13.46 | 2020-03-01 | Common Stock (78365.0) | 78365 | Direct |
| Employee Stock Option (right to buy) | $14.44 | 2021-02-25 | Common Stock (50000.0) | 50000 | Direct |
Footnotes
F1: 2,228 of these performance options are currently exercisable. 32,978 of these options vest if the closing price 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: 15,688 of these performance options are currently exercisable. 10,275 of these options vest if the closing price of the Company's common stock exceeds $35.00 for twenty (20) consecutive trading days.
F4: 11,195 of these options are service options that are currently exercisable.
F5: 33,585 of these performance options are currently exercisable. 33,585 of these options vest if the closing price of the Company's common stock exceeds $35.00 for twenty (20) consecutive trading days.
F6: 25,000 of these service options are currently exercisable. 25,000 of these options become exercisable on 2/25/2015.