SEC Form 4 · accession 0001395942-16-000301
OPENLANE, Inc. · OPLN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Vignes
Officer — EVP of Enterprise Optimization
Period of report
May 20, 2016
Accepted (ET)
May 24, 2016 · 6:29 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 StockF1 | May 20, 2016 | S | 5,429 | $40.55 | D | 0 | D | |
| Common Stock | holding | — | — | — | 391 | 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 | $16.677 | holding | — | — | — | — | Aug 19, 2018 | Common Stock | 10,275 | 10,275 | D |
| Employee Stock Option (right to buy)F2 | $10.00 | holding | — | — | — | — | Aug 20, 2017 | Common Stock | 19,785 | 19,785 | D |
| Employee Stock Option (right to buy)F2 | $18.80 | holding | — | — | — | — | May 5, 2021 | Common Stock | 14,525 | 14,525 | D |
| Employee Stock Option (right to buy)F2 | $13.46 | holding | — | — | — | — | Mar 1, 2020 | Common Stock | 67,170 | 67,170 | D |
| Restricted Stock UnitsF3,F4 | — | holding | — | — | — | — | — | Common Stock | 1,161 | 1,161 | D |
Explanation of responses
- F1429.3690 of these shares were purchased in various de minimis transactions (the reinvestment of cash dividends) between December 28, 2012 and April 2, 2015, and were inadvertently omitted from the reporting person's prior Form 4s during such period.
- F2These 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.