AI assistant
OPENLANE, Inc. — Director's Dealing 2022
May 9, 2022
31385_dirs_2022-05-09_e6dba262-90c8-4fea-a87a-11ca242d61bd.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: KAR Auction Services, Inc. (KAR)
CIK: 0001395942
Period of Report: 2022-05-07
Reporting Person: Anderson Scott A (Chief Accounting Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-05-07 | Common Stock | M | 537 | — | Acquired | 17767.3226 | Direct |
| 2022-05-07 | Common Stock | F | 141 | $13.23 | Disposed | 17626.3226 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-05-07 | Restricted Stock Units | $ | M | 537 | Disposed | Common Stock (537.0) | Direct |
Footnotes
F1: Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis.
F2: Includes shares acquired pursuant to the Company's Employee Stock Purchase Plan.
F3: Shares withheld by the Company to satisfy tax withholding requirements.
F4: 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 May 7, 2022, one-third of these restricted stock units vest on May 7, 2023 and the remaining one-third of these restricted stock units vest on May 7, 2024, assuming continued employment through the applicable vesting date.