SEC Form 4 · accession 0001140361-15-015490
CARMAX INC · KMX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William C Wood Jr.
Officer — EVP, Stores
Period of report
Apr 13, 2015
Accepted (ET)
Apr 15, 2015 · 4:24 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001170010
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Apr 13, 2015 | M | 64,894 | $32.69 | A | 109,749 | D | |
| Common Stock | Apr 13, 2015 | M | 11,214 | $30.24 | A | 120,963 | D | |
| Common Stock | Apr 13, 2015 | M | 77,133 | $31.76 | A | 198,096 | D | |
| Common StockF1 | Apr 13, 2015 | S | 153,241 | $73.21 | D | 44,855 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (Right to Buy)F2 | $32.69 | Apr 13, 2015 | M | 64,894 | D | — | Apr 5, 2018 | Common stock | 64,894 | 0 | D |
| Stock Options (Right to Buy)F3 | $30.24 | Apr 13, 2015 | M | 11,214 | D | — | Dec 27, 2018 | Common Stock | 11,214 | 3,738 | D |
| Stock Options (Right to Buy)F4 | $31.76 | Apr 13, 2015 | M | 77,133 | D | — | Apr 10, 2019 | Common Stock | 77,133 | 25,710 | D |
Explanation of responses
- F1The shares with respect to this transaction were sold at prices ranging from $73.00 to $73.61. Upon request, the Reporting Person will provide the Securities and Exchange Commission staff, the Issuer, or any security holder of the Issuer, full information regarding the number of shares sold at each separate price.
- F2The options, representing a right to purchase a total of 64,894 shares, became exercisable in four annual installments beginning on April 5, 2012, which was the first anniversary of the date on which the options were granted.
- F3The options, representing a right to purchase a total of 14,952 shares, became exercisable with respect to one-fourth of the underlying shares of Common Stock on each of December 27, 2012, December 27, 2013 and December 27, 2014, and will become exercisable with respect to one-fourth of the underlying shares of Common Stock on December 27, 2015.
- F4The options, representing a right to purchase a total of 102,843 shares, became exercisable with respect to one-fourth of the underlying shares of Common Stock on each of April 10, 2013, April 10, 2014 and April 10, 2015, and will become exercisable with respect to one-fourth of the underlying shares of Common Stock on April 10, 2016.