SEC Form 4 · accession 0001170010-17-000155
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
Sep 26, 2017
Accepted (ET)
Sep 28, 2017 · 5:05 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 | Sep 26, 2017 | M | 15,783 | $51.63 | A | 17,785 | D | |
| Common Stock | Sep 26, 2017 | M | 4,470 | $47.47 | A | 22,255 | D | |
| Common StockF1 | Sep 26, 2017 | S | 20,253 | $73.36 | D | 2,002 | D | |
| Common StockF2 | Sep 26, 2017 | M | 2,165 | — | A | 4,167 | D | |
| Common Stock | Sep 26, 2017 | F | 1,033 | $73.60 | D | 3,134 | 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)F3 | $51.63 | Sep 26, 2017 | M | 15,783 | D | — | Apr 12, 2023 | Common Stock | 15,783 | 47,346 | D |
| Stock Options (Right to Buy)F4 | $47.47 | Sep 26, 2017 | M | 4,470 | D | — | Sep 26, 2021 | Common Stock | 4,470 | 4,470 | D |
| Restricted Stock UnitsF2,F5 | — | Sep 26, 2017 | M | 1,538 | D | — | — | Common Stock | 2,165 | 0 | D |
Explanation of responses
- F1The shares with respect to this transaction were sold at prices ranging from $73.30 to $73.48. 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.
- F2Following vesting of the restricted stock units, which are referred to by the Company as market stock units (MSUs), the Reporting Person received 1.4078 times the number of MSUs in shares of Company common stock.
- F3The stock options became exercisable with respect to one-fourth of the underlying shares of Common Stock on April 12, 2017 and become exercisable with respect to one-fourth of the underlying shares of Common Stock on each of April 12, 2018, April 12, 2019 and April 12, 2020.
- F4The stock options became exercisable with respect to one-fourth of the underlying shares of Common Stock on each of September 26, 2015, September 26, 2016 and September 26, 2017 and become exercisable with respect to one-fourth of the underlying shares of Common Stock on September 26, 2018.
- F5The restricted stock units vested on September 26, 2017 and were settled in Company common stock.