SEC Form 4 · accession 0000950142-15-000404
CDK Global, Inc. · CDK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert N. Karp
Officer — VP & President, ARNA
Period of report
Feb 12, 2015
Accepted (ET)
Feb 17, 2015 · 5:25 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001609702
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 12, 2015 | M | 27,573 | $13.629 | A | 86,101 | D | |
| Common Stock | Feb 12, 2015 | M | 27,573 | $14.609 | A | 113,674 | D | |
| Common StockF1 | Feb 12, 2015 | S | 55,146 | $46.303 | D | 58,528 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F2 | $14.609 | Feb 12, 2015 | M | 27,573 | D | — | Jan 30, 2018 | Common Stock | 27,573 | 0 | D |
| Stock Option (Right to Buy)F2 | $13.629 | Feb 12, 2015 | M | 27,573 | D | — | Feb 9, 2019 | Common Stock | 27,573 | 0 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple open market transactions at prices ranging from $46.020 to $46.550, inclusive. The report person undertakes to provide to CDK Global, Inc., a security holder thereof, 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 (1).
- F2Grant has a graded vesting schedule. Date Exercisable will vary for each vesting tranche.