SEC Form 4 · accession 0001395942-17-000023
OPENLANE, Inc. · OPLN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Donald S. Gottwald
Officer — Chief Operating Officer
Period of report
Feb 20, 2017
Accepted (ET)
Feb 22, 2017 · 8:40 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 StockF2 | Feb 20, 2017 | M | 1,637 | $0.00 | A | 1,637 | D | |
| Common Stock | Feb 20, 2017 | F | 582 | $46.48 | D | 1,055 | D | |
| Common StockF1 | holding | — | — | — | 1,660 | 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,F5 | — | Feb 20, 2017 | M | 1,637 | D | — | — | Common Stock | 1,637 | 1,638 | D |
| Employee Stock Option (right to buy)F4 | $10.00 | holding | — | — | — | — | May 6, 2019 | Common Stock | 116,250 | 116,250 | D |
Explanation of responses
- F1Includes 620.6204 shares acquired (including 11.4586 shares acquired by dividend reinvestment) pursuant to the Company's Employee Stock Purchase Plan on May 31, 2016.
- F2Each 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 February 20, 2017.
- F3Shares withheld by the Company to satisfy tax withholding requirements.
- F4All of these options are currently exercisable.
- F5These 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 February 20, 2016, one-third of these restricted stock units vested on February 20, 2017 and the remaining one-third of these restricted stock units vest on February 20, 2018, assuming continued employment through the applicable vesting date.