SEC Form 4/A · accession 0001209191-18-054602
CARVANA CO. · CVNA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Period of report
Oct 2, 2018
Accepted (ET)
Oct 9, 2018 · 7:00 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001690820
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Class A UnitsF1,F2 | — | Oct 2, 2018 | C | 16,562 | D | — | — | Class A Common Stock | 13,249 | 5,404,394 | I |
| Class A UnitsF1,F2 | — | Oct 3, 2018 | C | 79,443 | D | — | — | Class A Common Stock | 63,554 | 5,324,951 | I |
| Class A UnitsF1,F2 | — | Oct 4, 2018 | C | 44,423 | D | — | — | Class A Common Stock | 35,538 | 5,280,528 | I |
Explanation of responses
- F1Reflects the conversion of Class A Common Units ("Class A Units") of Carvana Group, LLC ("Carvana Group") owned directly by DriveTime Sales and Finance Company, LLC ("DriveTime Sales") into shares of Class A Common Stock ("Class A Shares") of the Issuer pursuant to the Exchange Agreement, dated April 27, 2017, by and among the Issuer, Carvana Co. Sub LLC, Carvana Group and the members of Carvana Group (the "Exchange Agreement"). DriveTime Sales is a wholly owned subsidiary of DriveTime Automotive Group, Inc., of which Mr. Garcia is the chairman of the board of directors and the controlling stockholder.
- F2The Form 4/A is being filed to correct a clerical error in the title and amount of converted securities reported in Column 7 of Forms 4 filed on October 4, 2018 and October 5, 2018, respectively. The prior filings inadvertently reflected the title and amounts of the derivative securities (Class A Units) instead of the underlying securities (Class A Common Stock).