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OPENLANE, Inc. — Director's Dealing 2021
Mar 4, 2021
31385_dirs_2021-03-04_6e242899-d247-4ba5-a1fc-698a9229c78f.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: 2021-03-02
Reporting Person: Anderson Scott A (Chief Accounting Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-03-02 | Common Stock | M | 259 | — | Acquired | 13836.3407 | Direct |
| 2021-03-02 | Common Stock | F | 72 | $13.99 | Disposed | 13764.3407 | Direct |
| 2021-03-02 | Common Stock | M | 775 | — | Acquired | 14539.3407 | Direct |
| 2021-03-02 | Common Stock | F | 215 | $13.99 | Disposed | 14324.3407 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-03-02 | Restricted Stock Units | $ | M | 775 | Disposed | Common Stock (775.0) | Direct | |
| 2021-03-02 | Restricted Stock Units | $ | M | 259 | Disposed | Common Stock (259.0) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Restricted Stock Units | $ | Common Stock (635.274) | 635.274 | Direct | |
| Restricted Stock Units | $ | Common Stock (303.383) | 303.383 | Direct | |
| Restricted Stock Units | $ | Common Stock (1285.8) | 1285.80 | Direct |
Footnotes
F1: Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis. The restricted stock units vested in common stock on March 2, 2021.
F2: Shares withheld by the Company to satisfy tax withholding requirements.
F3: Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis.
F4: These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in common stock on February 22, 2022, assuming continued employment through the applicable vesting date.
F5: These restricted stock units were subject to a time-vesting requirement and vested and settled in common stock on March 2, 2021.
F6: 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 vested on February 21, 2021, one-third of these restricted stock units vest on February 21, 2022 and the remaining one-third of these restricted stock units vest on February 21, 2023, assuming continued employment through the applicable vesting date.