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OPENLANE, Inc. — Director's Dealing 2021
Mar 8, 2021
31385_dirs_2021-03-08_dac72d5b-8c1b-4a42-80fe-fea589b468e5.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: 2021-03-04
Reporting Person: Anderson Scott A (Chief Accounting Officer)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-03-04 | Restricted Stock Units | $ | A | 5612 | Acquired | Common Stock (5612.0) | Direct |
Footnotes
F1: Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis.
F2: These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in common stock as follows: one-third of these restricted stock units vest on March 4, 2022, one-third of these restricted stock units vest on March 4, 2023 and the remaining one-third of these restricted stock units vest on March 4, 2024, assuming continued employment through the applicable vesting date.
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