SEC Form 4 · accession 0001395942-16-000335
OPENLANE, Inc. · OPLN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James E. Money II
Officer — AFC President
Period of report
Jul 5, 2016
Accepted (ET)
Jul 7, 2016 · 6:16 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 | holding | — | — | — | 6,750 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F3 | — | Jul 5, 2016 | A | 6 | A | — | — | Common Stock | 6 | 932 | D |
| Restricted Stock UnitsF2,F4 | — | Jul 5, 2016 | A | 10 | A | — | — | Common Stock | 10 | 1,477 | D |
| Employee Stock Option (right to buy)F1 | $16.07 | holding | — | — | — | — | Feb 28, 2022 | Common Stock | 32,000 | 32,000 | D |
| Employee Stock Option (right to buy)F1 | $16.264 | holding | — | — | — | — | Feb 7, 2018 | Common Stock | 26,600 | 26,600 | D |
Explanation of responses
- F1All shares are currently exercisable.
- F2Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis.
- F3These restricted stock units and dividend equivalents remain subject to a time-vesting requirement and are scheduled to vest and settle into common stock as follows: half of these restricted stock units and dividend equivalents will vest on 2/20/2017 and the remaining half of these restricted stock units and dividend equivalents will vest on 2/20/2018, assuming continued employment through the applicable vesting date.
- F4These restricted stock units and dividend equivalents remain subject to a time-vesting requirement and are scheduled to vest and settle into common stock as follows: one-third of these restricted stock units and dividend equivalents will vest on 2/22/2017, one-third of these restricted stock units and dividend equivalents will vest on 2/22/2018 and the remaining one-third of these restricted stock units and dividend equivalents will vest on 2/22/2019, assuming continued employment through the applicable vesting date.