Form Type: 4

SEC EDGAR Link
Accession Number:0001395942-20-000061
Date:2020-04-03
Issuer: KAR AUCTION SERVICES, INC. (KAR)
Original Submission Date:

Reporting Person:

JACOBY STEFAN
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
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
PHANTOM STOCK 0.0 2020-04-03 deemed execution date A 45 (a) phantom stock 45 $0.00 82 direct
PHANTOM STOCK 0.0 2020-04-03 deemed execution date 0 ( ) common stock 2,230 $0.00 2,230 direct
Footnotes
IDfootnote
f1 the phantom stock will convert into shares of kar common stock on a one-for-one basis.
f2 represents director fees deferred in the reporting person's account in the kar auction services, inc. directors deferred compensation plan. 2,230 shares of phantom stock vest on june 4, 2020, and are subject to forfeiture until vested.
f3 the reporting person will receive shares of kar common stock, on a one-for-one basis, at a future date(s) specified by him subject to the terms and conditions of the kar auction services, inc. directors deferred compensation plan.
f4 reflects the reinvestment of dividend equivalents in additional shares of phantom stock pursuant to the kar auction services, inc. directors deferred compensation plan, which shares vest on june 4, 2020 and are subject to forfeiture until vested.
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