Eric M. Loughmiller - 21 Feb 2022 Form 4 Insider Report for KAR Auction Services, Inc. (KAR)

Role
EVP & CFO
Signature
Charles S. Coleman as Attorney In Fact
Issuer symbol
KAR
Transactions as of
21 Feb 2022
Net transactions value
-$83,526
Form type
4
Filing time
23 Feb 2022, 20:44:56 UTC
Previous filing
14 Dec 2021
Next filing
13 Dec 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KAR Common Stock Options Exercise $0 +4,978 +1.9% $0.000000 264,225 21 Feb 2022 Direct F1, F2
transaction KAR Common Stock Tax liability $18,580 -1,330 -0.5% $13.97 262,895 21 Feb 2022 Direct F3
transaction KAR Common Stock Options Exercise $0 +2,353 +0.9% $0.000000 265,248 22 Feb 2022 Direct F4
transaction KAR Common Stock Tax liability $7,648 -553 -0.21% $13.83 264,695 22 Feb 2022 Direct F3
transaction KAR Common Stock Options Exercise $0 +16,038 +6.1% $0.000000 280,733 22 Feb 2022 Direct F4
transaction KAR Common Stock Tax liability $57,298 -4,143 -1.5% $13.83 276,590 22 Feb 2022 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 -2,353 -100% $0.000000* 0 21 Feb 2022 Common Stock 2,353 Direct F5, F6
transaction KAR Restricted Stock Units Options Exercise $0 -4,978 -50% $0.000000 5,008 21 Feb 2022 Common Stock 4,978 Direct F5, F7
transaction KAR Restricted Stock Units Options Exercise $0 -16,038 -100% $0.000000* 0 21 Feb 2022 Common Stock 16,038 Direct F5, F8
* 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. The restricted stock units vested in common stock on February 21, 2022.
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 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 February 22, 2022.
F5 Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis.
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 22, 2020, one-third of these restricted stock units vested on February 22, 2021 and the remaining one-third of these restricted stock units vested on February 22, 2022.
F7 These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in common stock as follows: 4,979 of these restricted stock units vested on February 21, 2021, 4,978 of these restricted stock units vested on February 21, 2022 and the remaining 5,150 of these restricted stock units vest on February 21, 2023, assuming continued employment through the applicable vesting date.
F8 These restricted stock units were subject to a time-vesting requirement and vested and settled in common stock on February 22, 2022.