SEC Form 4 · accession 0001170010-18-000016
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
Jan 26, 2018
Accepted (ET)
Jan 29, 2018 · 4:22 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 26, 2018 | M | 20,000 | $44.96 | A | 41,051 | D | |
| Common StockF1 | Jan 26, 2018 | S | 20,000 | $71.78 | D | 21,051 | 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 | $44.96 | Jan 26, 2018 | M | 20,000 | D | — | Apr 9, 2021 | Common Stock | 20,000 | 47,765 | D |
Explanation of responses
- F1The shares with respect to this transaction were sold at prices ranging from $71.75 to $71.85. 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 9, 2015, April 9, 2016, and April 9, 2017 and become exercisable with respect to one-fourth of the underlying shares of Common Stock on April 9, 2018.