Form Type: 4

SEC EDGAR Link
Accession Number:0001395942-20-000050
Date:2020-03-01
Issuer: KAR AUCTION SERVICES, INC. (KAR)
Original Submission Date:

Reporting Person:

HAMMER JOHN C
C/O KAR AUCTION SERVICES, INC.
11299 NORTH ILLINOIS STREET CARMEL, IN 46032

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2020-03-01 M 284 a $0.00 3,621 direct
COMMON STOCK 2020-03-01 F 70 d $19.25 3,551 direct
COMMON STOCK 2020-03-02 M 1,732 a $0.00 5,283 direct
COMMON STOCK 2020-03-02 F 423 d $20.21 4,860 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
RESTRICTED STOCK UNITS 0.0 2020-03-02 deemed execution date M 1,732 (d) common stock 1,732 $0.00 1,733 direct
RESTRICTED STOCK UNITS 0.0 2020-03-01 deemed execution date M 284 (d) common stock 284 $0.00 568 direct
RESTRICTED STOCK UNITS 0.0 2020-03-01 deemed execution date 0 ( ) common stock 3,985 $0.00 3,985 direct
RESTRICTED STOCK UNITS 0.0 2020-03-01 deemed execution date 0 ( ) common stock 16,205 $0.00 16,205 direct
RESTRICTED STOCK UNITS 0.0 2020-03-01 deemed execution date 0 ( ) common stock 14,992 $0.00 14,992 direct
RESTRICTED STOCK UNITS 0.0 2020-03-01 deemed execution date 0 ( ) common stock 9,214 $0.00 9,214 direct
Footnotes
IDfootnote
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 1, 2020.
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. the restricted stock units vested in common stock on march 2, 2020.
f4 each 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: one-third of these restricted stock units vested on march 2, 2019, one-third of these restricted stock units vested on march 2, 2020 and the remaining one-third of these restricted stock units vest on march 2, 2021, assuming continued employment through the applicable vesting date.
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 vest on february 22, 2021 and the remaining one-third of these restricted stock units vest on february 22, 2022, assuming continued employment through the applicable vesting date.
f7 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 march 1, 2020, one-third of these restricted stock units vest on march 1, 2021 and the remaining one-third of these restricted stock units vest on march 1, 2022, assuming continued employment through the applicable vesting date.
f8 these restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in common stock on march 2, 2021, assuming continued employment through the applicable vesting date.
f9 these restricted stock units remain subject to a time-vesting requirement and 13,122.663 restricted stock units are scheduled to vest and settle in common stock on february 22, 2022 and the remaining 1,869.230 restricted stock units are scheduled to vest and settle in common stock on march 1, 2022, assuming continued employment through the applicable vesting dates.
f10 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 vest 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.
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