SEC Form 4 · accession 0001395942-17-000123
OPENLANE, Inc. · OPLN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Donald S. Gottwald
Officer — COO & Chief Strategy Officer
Period of report
Nov 14, 2017
Accepted (ET)
Nov 16, 2017 · 12:48 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 StockF1 | Nov 14, 2017 | M | 10,000 | $10.00 | A | 14,516 | D | |
| Common StockF3,F1 | Nov 14, 2017 | S | 10,000 | $48.1425 | D | 4,516 | 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)F4 | $10.00 | Nov 14, 2017 | M | 10,000 | D | — | May 6, 2019 | Common Stock | 10,000 | 60,000 | D |
| Restricted Stock UnitsF5,F6 | — | holding | — | — | — | — | — | Common Stock | 1,638 | 1,638 | D |
| Restricted Stock UnitsF5,F7 | — | holding | — | — | — | — | — | Common Stock | 3,562 | 3,562 | D |
Explanation of responses
- F1Includes 1,204.5137 shares acquired (including 37.5652 shares acquired by dividend reinvestment) pursuant to the Company's Employee Stock Purchase Plan.
- F2This transaction was effected pursuant to a Rule 10b5-1 Plan adopted by the reporting person on June 2, 2017.
- F3The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $47.8700 to $48.3400 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.
- F4All of these options are currently exercisable.
- F5Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis.
- F6These 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.
- F7These 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 23, 2017, one-third of these restricted stock units vest on February 22, 2018 and the remaining one-third of these restricted stock units vest on February 22, 2019, assuming continued employment through the applicable vesting date.