Accession Number: | 0001395942-23-000056 |
Date: | 2023-05-09 |
Issuer: | KAR AUCTION SERVICES, INC. (KAR) |
Original Submission Date: |
SUBRAHMANYAM SRIRAM
C/O KAR AUCTION SERVICES, INC.
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 | 2023-05-09 | M | 20,000 | a | $0.00 | 44,953 | direct | ||
COMMON STOCK | 2023-05-09 | F | 5,700 | d | $15.09 | 39,253 | 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 |
---|---|---|---|---|---|---|---|---|---|---|---|---|
RESTRICTED STOCK UNITS | 0.0 | 2023-05-09 | deemed execution date | M | 20,000 (d) | common stock 20,000 | $0.00 | 40,000 | direct |
ID | footnote |
---|---|
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 may 9, 2023. |
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. |
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 may 9, 2023, one-third of these restricted stock units vest on may 9, 2024 and the remaining one-third of these restricted stock units vest on may 9, 2025, assuming continued employment through the applicable vesting date. |