Eric M. Loughmiller - Dec 10, 2021 Form 4 Insider Report for KAR Auction Services, Inc. (KAR)

Role
EVP & CFO
Signature
Charles S. Coleman as Attorney-In-Fact
Stock symbol
KAR
Transactions as of
Dec 10, 2021
Transactions value $
-$2,743
Form type
4
Date filed
12/14/2021, 06:47 PM
Previous filing
Jun 8, 2021
Next filing
Feb 23, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KAR Common Stock Options Exercise $0 +171 +0.07% $0.00 259K Dec 10, 2021 Direct F1, F2
transaction KAR Common Stock Tax liability -$2.74K -171 -0.07% $16.04 259K Dec 10, 2021 Direct F3

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 Restricted Stock Units Options Exercise $0 -171 -1.68% $0.00 9.99K Dec 10, 2021 Common Stock 171 Direct F1, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis.
F2 Includes 4,159.139 shares acquired pursuant to the Company's Employee Stock Purchase Plan.
F3 Shares withheld to satisfy FICA taxes due in the year the reporting person reaches retirement eligibility.
F4 Shares withheld to satisfy FICA taxes due in the year the reporting person reaches retirement eligibility. Each remaining restricted stock unit is convertible into a share of common stock on a 1-for-1 basis.
F5 These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in common stock as follows: 4,978 of these restricted stock units vest on February 21, 2022 and the remaining 5,008 of these restricted stock units vest on February 21, 2023, assuming continued employment through the applicable vesting date.