Accession Number: | 0001395942-20-000067 |
Date: | 2020-04-03 |
Issuer: | KAR AUCTION SERVICES, INC. (KAR) |
Original Submission Date: |
KESTNER MICHAEL T.
C/O KAR AUCTION SERVICES, INC.
11299 NORTH ILLINOIS STREET
CARMEL, IN 46032
Title of Security | Transaction Date | 2a. Deemed Execution Date | Transaction Code | Shares | Acquired or Disposed | Price per share | 5. Amount of Securities Beneficially Owned Following Reported Transaction | 6. Ownership Form Direct or Indirect | Nature of Indirect Ownership |
---|---|---|---|---|---|---|---|---|---|
COMMON STOCK | 2020-04-03 | 0 | $0.00 | 5,922 | direct |
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 Exercisable | Expiration 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 | 628 (a) | common stock 628 | $0.00 | 2,370 | direct | |||
PHANTOM STOCK | 0.0 | 2020-04-03 | deemed execution date | 0 ( ) | common stock 29,641 | $0.00 | 29,641 | direct |
ID | footnote |
---|---|
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. 4,251.884 shares of phantom stock vest on june 4, 2020, and are subject to forfeiture until vested. all other shares of phantom stock are 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, of which all shares except 698.301 shares are vested. the 698.301 shares vest on june 4, 2020 and are subject to forfeiture until vested. |