SEC Form 4 · accession 0001170010-18-000148
CARMAX INC · KMX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas W Reedy Jr.
Officer — EVP & CFO
Period of report
Jul 2, 2018
Accepted (ET)
Jul 5, 2018 · 4:13 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 2, 2018 | M | 45,000 | $44.96 | A | 109,089 | D | |
| Common StockF1 | Jul 2, 2018 | S | 45,000 | $73.65 | D | 64,089 | D | |
| Common Stock | Jul 3, 2018 | M | 53,858 | $44.96 | A | 117,947 | D | |
| Common StockF2 | Jul 3, 2018 | S | 53,858 | $74.45 | D | 64,089 | D | |
| Common Stock | Jul 3, 2018 | G | 2,000 | $0.00 | D | 62,089 | 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 | $44.96 | Jul 2, 2018 | M | 45,000 | D | — | Apr 9, 2021 | Common Stock | 45,000 | 53,858 | D |
| Stock Options (Right to Buy)F3 | $44.96 | Jul 3, 2018 | M | 53,858 | D | — | Apr 9, 2021 | Common Stock | 53,858 | 0 | D |
Explanation of responses
- F1The shares with respect to this transaction were sold at prices ranging from $73.33 to $73.79. 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 shares with respect to this transaction were sold at prices ranging from $74.17 to $74.67. 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.
- F3The stock options became exercisable with respect to one-fourth of the underlying shares of Company common stock on each of April 9, 2015, April 9, 2016, April 9, 2017 and April 9, 2018 and are now fully exercisable.