Justin T. Davis - Jun 4, 2021 Form 4 Insider Report for KAR Auction Services, Inc. (KAR)

Signature
Charles S. Coleman, Attorney-in-Fact
Stock symbol
KAR
Transactions as of
Jun 4, 2021
Transactions value $
$0
Form type
4
Date filed
6/8/2021, 08:54 PM
Next filing
Mar 8, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction KAR Employee Stock Option (right to buy) Award $0 +39.1K $0.00 39.1K Jun 4, 2021 Common Stock 39.1K $18.23 Direct F1
transaction KAR Employee Stock Option (right to buy) Award $0 +157K $0.00 157K Jun 4, 2021 Common Stock 157K $18.23 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These options were granted on June 4, 2021 and will vest and become exercisable in equal installments on each of the first four anniversaries of the grant date, subject to continued employment through such vesting date.
F2 These options were granted on June 4, 2021 and will become eligible to vest and become exercisable in equal 25% increments, each upon the later of the occurrence of the first four anniversaries of the grant date, respectively, and the attainment of the closing price of the Company's common stock at or above, for each respective 25% increment, $23.23, $28.23, $33.23, and $38.23, for twenty consecutive trading days, subject to continued employment through such vesting date.