SEC Form 4 · accession 0001395942-15-000050

OPENLANE, Inc. · OPLN

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — EVP of Human Resources

Period of report

Mar 12, 2015

Accepted (ET)

Mar 16, 2015 · 6:16 pm EDT

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	Mar 12, 2015	M	5,140	$10.00	A	5,140	D
Common Stock	Mar 12, 2015	S	5,140	$37.10	D	0	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Employee Stock Options (right to buy)^F2,F4	$10.00	Mar 12, 2015	A	5,140	D	—	Aug 20, 2017	Common Stock	5,140	5,140	D
Employee Stock Option (right to buy)^F1,F2	$30.89	holding	—	—	—	—	Feb 27, 2024	Common Stock	17,500	17,500	D
Employee Stock Options (right to buy)^F2,F3	$18.80	holding	—	—	—	—	May 5, 2021	Common Stock	15,000	15,000	D

F1These options are service options that vest based upon the passage of time and the reporting person's continued service with the Company. 4,375 of these options are currently exercisable. 4,375 of these options become exercisable on 2/27/16, 4,375 of these options become exercisable on 2/27/17, and the remaining 4,375 options become exercisable on 2/27/18.
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.
F3These options are service options that vest based upon the passage of time and the reporting person's continued service with the Company. 11,250 of these options are currently exercisable. The remaining 3,750 of these options become exercisable on 5/5/2015.
F4These options are performance options that are currently exercisable.