SEC Form 4 · accession 0001140361-15-020703
CARMAX INC · KMX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eric M Margolin
Officer — SVP, Gen. Counsel & Secretary
Period of report
May 15, 2015
Accepted (ET)
May 18, 2015 · 4:55 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 | May 15, 2015 | M | 64,894 | $25.39 | A | 96,744 | D | |
| Common StockF1 | May 15, 2015 | S | 64,894 | $72.14 | D | 31,850 | 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 | $25.39 | May 15, 2015 | M | 64,894 | D | — | Apr 6, 2017 | Common Stock | 64,894 | 0 | D |
Explanation of responses
- F1The shares with respect to this transaction were sold at prices ranging from $71.78 to $72.44. 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 6, 2011, which was the first anniversary of the date on which the options were granted.