SEC Form 4 · accession 0001395942-15-000006
OPENLANE, Inc. · OPLN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Vignes
Officer — EVP of Enterprise Optimization
Period of report
Jan 2, 2015
Accepted (ET)
Jan 5, 2015 · 5:03 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001395942
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jan 2, 2015 | M | 4,525 | $16.677 | A | 4,525 | D | |
| Common Stock | Jan 2, 2015 | S | 4,525 | $34.54 | D | 0 | D | |
| Common Stock | Jan 2, 2015 | M | 5,475 | $18.80 | A | 5,475 | D | |
| Common Stock | Jan 2, 2015 | S | 5,475 | $34.54 | D | 0 | D | |
| Common Stock | holding | — | — | — | 5,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F1,F2 | $16.677 | Jan 2, 2015 | A | 4,525 | D | — | Aug 19, 2018 | Common Stock | 4,525 | 10,275 | D |
| Employee Stock Option (right to buy)F2,F4 | $18.80 | Jan 2, 2015 | A | 5,475 | D | — | May 5, 2021 | Common Stock | 5,475 | 44,525 | D |
| Employee Stock Option (right to buy)F2,F3 | $10.00 | holding | — | — | — | — | Aug 20, 2017 | Common Stock | 19,785 | 19,785 | D |
| Employee Stock Option (right to buy)F2,F5 | $13.46 | holding | — | — | — | — | Mar 1, 2020 | Common Stock | 67,170 | 67,170 | D |
Explanation of responses
- F110,275 of these options vest if the closing price of a share of the Company's common stock exceeds $35.00 for twenty (20) consecutive trading days.
- F2An additional condition to vesting is that the reporting person must be a director, officer, employee, consultant or agent of the Company or any of its subsidiaries on the date on which the conditions set forth above are satisfied.
- F319,785 of these performance options will vest if the closing price of a share of the Company's common stock exceeds $35.00 for twenty (20) consecutive trading days.
- F432,025 of these options are service options that are currently exercisable. 12,500 become exercisable on 5/5/2015.
- F550,377 of these options are performance options that are currently exercisable and 16,793 of these options vest if the closing price of a share of the Company's common stock exceeds $35.00 for twenty (20) consecutive trading days.