SEC Form 4 · accession 0001140361-15-028577
CARMAX INC · KMX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas Stemberg
Director
Period of report
Jul 22, 2015
Accepted (ET)
Jul 24, 2015 · 4:12 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 | Jul 22, 2015 | M | 7,610 | $14.49 | A | 24,693 | D | |
| Common StockF1 | Jul 22, 2015 | S | 7,610 | $66.38 | D | 17,083 | D | |
| Common StockF2 | holding | — | — | — | 13,967 | I | By GRAT | |
| Common StockF3 | holding | — | — | — | 295 | I | UTMA Account |
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)F4 | $14.49 | Jul 22, 2015 | M | 7,610 | D | Jun 26, 2010 | Jun 26, 2016 | Common Stock | 7,610 | 0 | D |
Explanation of responses
- F1The shares with respect to this transaction were sold at prices ranging from $66.30 to $66.42. 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.
- F2Shares held indirectly through a grantor retained annuity trust for which the Reporting Person is the beneficial holder.
- F3The Reporting Person's son holds KMX shares through a Uniform Transfers to Minor Act account.
- F4The stock options vested in three equal installments on each of June 26, 2010, June 26, 2011 and June 26, 2012 and are now fully exercisable.