SEC Form 4 · accession 0001395942-16-000312

OPENLANE, Inc. · OPLN

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

Reporting owner

Officer — EVP of Enterprise Optimization

Period of report

Jun 9, 2016

Accepted (ET)

Jun 10, 2016 · 7:05 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	Jun 9, 2016	M	10,275	$16.677	A	10,275	D
Common Stock^F1	Jun 9, 2016	S	10,275	$41.5182	D	0	D
Common Stock	Jun 9, 2016	M	19,785	$10.00	A	19,785	D
Common Stock^F1	Jun 9, 2016	S	19,785	$41.5182	D	0	D
Common Stock	Jun 9, 2016	M	18,445	$13.46	A	18,445	D
Common Stock^F1	Jun 9, 2016	S	18,445	$41.5182	D	0	D
Common Stock	holding	—	—		—	391	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)^F2	$16.677	Jun 9, 2016	A	10,275	D	—	Aug 19, 2018	Common Stock	10,275	0	D
Employee Stock Option (right to buy)^F2	$10.00	Jun 9, 2016	A	19,785	D	—	Aug 20, 2017	Common Stock	19,785	0	D
Employee Stock Option (right to buy)^F2	$13.46	Jun 9, 2016	A	18,445	D	—	Mar 1, 2020	Common Stock	18,445	48,725	D
Employee Stock Option (right to buy)^F2	$18.80	holding	—	—	—	—	May 5, 2021	Common Stock	14,525	14,525	D
Restricted Stock Units^F3,F4	—	holding	—	—	—	—	—	Common Stock	1,161	1,161	D

F1The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $41.4500 to $41.5800 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, 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.
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.