SEC Form 4 · accession 0001170010-16-000188
CARMAX INC · KMX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eric M Margolin
Officer — EVP, Gen. Counsel & Secretary
Period of report
Jul 18, 2016
Accepted (ET)
Jul 20, 2016 · 4:09 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 18, 2016 | M | 57,894 | $32.69 | A | 89,197 | D | |
| Common StockF1 | Jul 18, 2016 | S | 57,894 | $55.52 | D | 31,303 | 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 | Jul 18, 2016 | M | 57,894 | D | — | Apr 5, 2018 | Common Stock | 57,894 | 7,000 | D |
Explanation of responses
- F1The shares with respect to this transaction were sold at prices ranging from $55.50 to $55.61. 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 stock options vested in four equal installments on each of April 5, 2012, April 5, 2013, April 5, 2014 and April 5, 2015 and are now fully exercisable.