SEC Form 4 · accession 0001395942-15-000052
OPENLANE, Inc. · OPLN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas J. Caruso
Officer — Chief Client Officer
Period of report
Mar 13, 2015
Accepted (ET)
Mar 17, 2015 · 4:37 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 13, 2015 | M | 25,000 | $10.00 | A | 25,000 | D | |
| Common StockF1 | Mar 13, 2015 | S | 25,000 | $36.4422 | 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 Option (right to buy)F2,F3 | $10.00 | Mar 13, 2015 | A | 25,000 | D | — | Aug 20, 2017 | Common Stock | 25,000 | 7,978 | D |
| Employee Stock Option (right to buy)F3,F4 | $16.677 | holding | — | — | — | — | Aug 19, 2018 | Common Stock | 10,275 | 10,275 | D |
| Employee Stock Option (right to buy)F3,F5 | $13.46 | holding | — | — | — | — | Mar 1, 2020 | Common Stock | 33,585 | 33,585 | D |
| Employee Stock Option (right to buy)F3,F6 | $14.44 | holding | — | — | — | — | Feb 25, 2021 | Common Stock | 25,000 | 25,000 | D |
Explanation of responses
- F1The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $36.37 to $36.55, inclusive. The reporting person undertakes to provide to KAR Auction Services, Inc., any security holder of KAR Auction Services, Inc., or the staff of the Securities and Exchange Commission , upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F27,978 of these options are currently exercisable.
- F3An 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.
- F410,275 of these options are currently exercisable.
- F533,585 of these options are currently exercisable.
- F625,000 of these options became exercisable on 2/25/2015.