SEC Form 4 · accession 0001395942-17-000124
OPENLANE, Inc. · OPLN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Benjamin Skuy
Officer — EVP of Intl Mrkts & Strat Init
Period of report
Nov 22, 2017
Accepted (ET)
Nov 24, 2017 · 5:21 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 22, 2017 | M | 12,000 | $13.46 | A | 101,535 | D | |
| Common StockF2 | Nov 22, 2017 | S | 12,000 | $48.5021 | D | 89,535 | 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)F3 | $13.46 | Nov 22, 2017 | M | 12,000 | D | — | Mar 1, 2020 | Common Stock | 12,000 | 59,560 | D |
| Restricted Stock UnitsF4,F5 | — | holding | — | — | — | — | — | Common Stock | 576 | 576 | D |
| Restricted Stock UnitsF4,F6 | — | holding | — | — | — | — | — | Common Stock | 1,161 | 1,161 | D |
Explanation of responses
- F1Includes 1,210.5003 shares acquired (including 28.8631 shares acquired by dividend reinvestment) pursuant to the Company's Employee Stock Purchase Plan.
- F2The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $48.5000 to $48.8100 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.
- F3All of these options are currently exercisable.
- F4Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis.
- 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.
- 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 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