SEC Form 4 · accession 0001170010-17-000010
CARMAX INC · KMX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mohammad Shamim
Officer — SVP and CIO
Period of report
Jan 4, 2017
Accepted (ET)
Jan 6, 2017 · 4:40 pm EST
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 | Jan 4, 2017 | M | 5,491 | $42.68 | A | 7,216 | D | |
| Common Stock | Jan 4, 2017 | M | 6,723 | $44.96 | A | 13,939 | D | |
| Common Stock | Jan 4, 2017 | M | 8,940 | $47.47 | A | 22,879 | D | |
| Common Stock | Jan 4, 2017 | M | 9,250 | $28.81 | A | 32,129 | D | |
| Common StockF1 | Jan 4, 2017 | S | 30,404 | $67.02 | D | 1,725 | 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 | $42.68 | Jan 4, 2017 | M | 5,491 | D | — | Apr 15, 2020 | Common Stock | 5,491 | 5,491 | D |
| Stock Options (Right to Buy)F3 | $44.96 | Jan 4, 2017 | M | 6,723 | D | — | Apr 9, 2021 | Common Stock | 6,723 | 13,444 | D |
| Stock Options (Right to Buy)F4 | $47.47 | Jan 4, 2017 | M | 8,940 | D | — | Sep 26, 2021 | Common Stock | 8,940 | 8,940 | D |
| Stock Options (Right to Buy)F5 | $28.81 | Jan 4, 2017 | M | 9,250 | D | — | Sep 25, 2019 | Common Stock | 9,250 | 0 | D |
Explanation of responses
- F1The shares with respect to this transaction were sold at prices ranging from $67.00 to $67.13. 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 became exercisable with respect to one-fourth of the underlying shares of Common Stock on each of April 15, 2014, April 15, 2015 and April 15, 2016 and become exercisable with respect to one-fourth of the underlying shares of Common Stock on April 15, 2017.
- F3The stock options became exercisable with respect to one-fourth of the underlying shares of Common Stock on each of April 9, 2015 and April 9, 2016 and become exercisable with respect to one-fourth of the underlying shares of Common Stock on each of April 9, 2017 and April 9, 2018.
- F4The stock options became exercisable with respect to one-fourth of the underlying shares of Common Stock on each of September 26, 2015 and September 26, 2016 and become exercisable with respect to one-fourth of the underlying shares of Common Stock on each of on September 26, 2017 and September 26, 2018.
- F5The stock options vested in four equal installments on each of on September 25, 2013, September 25, 2014, September 25, 2015 and September 25, 2016 and are now fully exercisable.