SEC Form 4 · accession 0001395942-16-000262

OPENLANE, Inc. · OPLN

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

Reporting owner

Officer — Chief Client Officer

Period of report

Feb 20, 2016

Accepted (ET)

Feb 23, 2016 · 5:12 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^F1	Feb 20, 2016	M	507	$0.00	A	507	D
Common Stock	Feb 20, 2016	P	192	$33.90	D	315	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Units^F1,F4	—	Feb 20, 2016	M	507	D	—	—	Common Stock	507	1,012	D
Employee Stock Option (right to buy)^F3	$16.677	holding	—	—	—	—	Aug 19, 2018	Common Stock	10,275	10,275	D
Employee Stock Option (right to buy)^F3	$13.46	holding	—	—	—	—	Mar 1, 2020	Common Stock	33,585	33,585	D
Employee Stock Option (right to buy)^F3	$14.44	holding	—	—	—	—	Feb 25, 2021	Common Stock	25,000	25,000	D

F1Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis. The restricted stock units vested in common stock on 2/20/16.
F2Shares withheld by the Company to satisfy minimum tax withholding requirements.
F3All shares are currently exercisable.
F4These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in common stock as follows: one-third of these restricted stock units vest on 2/20/2016, one-third of these restricted stock units vest on 2/20/2017 and the remaining one-third of these restricted stock units vest on 2/20/2018, assuming continued employment through the applicable vesting date.