SEC Form 4 · accession 0001395942-15-000036
OPENLANE, Inc. · OPLN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Warren W Byrd
Officer — EVP of Corp Dev & Real Estate
Period of report
Feb 18, 2015
Accepted (ET)
Feb 20, 2015 · 2:51 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 | Feb 18, 2015 | M | 10,970 | $10.00 | A | 10,970 | D | |
| Common Stock | Feb 18, 2015 | S | 10,970 | $37.00 | D | 0 | D | |
| Common Stock | Feb 18, 2015 | M | 7,750 | $10.00 | A | 7,750 | D | |
| Common Stock | Feb 18, 2015 | S | 7,750 | $37.00 | D | 0 | 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 Options (right to buy)F1 | $10.00 | Feb 18, 2015 | A | 0 | D | — | Aug 20, 2017 | Common Stock | 10,970 | 0 | D |
| Employee Stock Options (right to buy)F1 | $12.10 | Feb 18, 2015 | A | 0 | D | — | Aug 6, 2020 | Common Stock | 7,750 | 0 | D |
| Employee Stock Options (right to buy)F1,F2 | $10.00 | holding | — | — | — | — | Aug 20, 2017 | Common Stock | 32,978 | 32,978 | D |
Explanation of responses
- F1An 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.
- F232,978 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.