SEC Form 4 · accession 0001395942-16-000300

OPENLANE, Inc. · OPLN

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

Reporting owner

Officer — Chief Operating Officer

Period of report

May 17, 2016

Accepted (ET)

May 19, 2016 · 4:12 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
Common Stock	May 17, 2016	M	7,338	$10.00	A	7,338	D
Common Stock	May 17, 2016	S	7,338	$40.00	D	0	D
Common Stock	May 18, 2016	M	5,162	$10.00	A	5,162	D
Common Stock	May 18, 2016	S	5,162	$40.00	D	0	D
Common Stock	holding	—	—		—	1,039	D

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	$10.00	May 17, 2016	A	12,500	D	—	May 6, 2019	Common Stock	12,500	152,500	D
Restricted Stock Units^F3,F4	—	holding	—	—	—	—	—	Common Stock	3,275	3,275	D

F17,338 shares were exercised on 5/17/2016 and 5,162 shares were exercised on 5/18/2016.
F2All of these performance options are currently exercisable.
F3Each 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.
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 vested 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.