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Ownership Document
|
| Schema Version: X0202 |
| Document Type: 4 |
| Period of Report: 4/20/07 |
| Not Subject to Section 16: 1 |
| Issuer: |
| Issuer CIK: 1281949 |
| Issuer Name: ADESA INC |
| Issuer Trading Symbol: KAR |
| Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1354937 |
| | Owner Name: Beaver Ron |
| Reporting Owner Address: |
| | Owner Street 1: 13085 HAMILTON CROSSING BLVD. |
| | Owner Street 2: SUITE 500 |
| | Owner City: CARMEL |
| | Owner State: IN |
| | Owner ZIP Code: 46032 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Director? No |
| | Is Officer? Yes |
| | Is Ten Percent Owner? No |
| | Is Other? No |
| | Officer Title: EVP & CIO |
| | Other Text: |
| Non-Derivative Table: |
| Derivative Table: |
| Derivative Transaction: |
| | Security Title: |
| | | Value: Restricted Stock Units |
| | Conversion or Exercise Price: |
| | | Value: 0 |
| | Transaction Date: |
| | | Value: 4/20/07 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: D |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 2000 |
| | | Transaction Price Per Share: |
| Footnote ID: F1 |
| | | Transaction Acquired-Disposed Code: |
| Value: D |
| | Exercise Date: |
| | | Footnote ID: F1 |
| | Expiration Date: |
| | | Footnote ID: F2 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 2000 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 0 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Transaction: |
| | Security Title: |
| | | Value: Options to Purchase Common Stock (right to buy) |
| | Conversion or Exercise Price: |
| | | Value: 25.595 |
| | Transaction Date: |
| | | Value: 4/20/07 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: D |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 30,000 |
| | | Transaction Price Per Share: |
| Footnote ID: F3 |
| | | Transaction Acquired-Disposed Code: |
| Value: D |
| | Exercise Date: |
| | | Footnote ID: F3 |
| | Expiration Date: |
| | | Value: 3/15/12 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 30,000 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 0 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Footnotes: |
| Footnote - F1: These restricted stock units were accelerated and cancelled in the merger in exchange for the right to receive an aggregate amount in cash, without interest, of $55,700, equal to the merger consideration of $27.85 for each restricted stock unit. Prior to the acceleration, the restricted stock units had a vesting date of 3/15/09. |
| Footnote - F2: N/A |
| Footnote - F3: These options were cancelled in the merger in exchange for the right to receive an aggregate amount in cash, without interest, of $67,650, equal to the merger consideration of $27.85 less the exercise price per share of common stock underlying the option. |
| Owner Signature: |
| Signature Name: Rebecca C. Polak for Ron Beaver |
| Signature Date: 4/24/07 |
