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<?xml version="1.0" encoding="windows-1252"?> |
<ownershipDocument> |
| <schemaVersion> X0202 </schemaVersion> |
| <documentType> 4 </documentType> |
| <periodOfReport> 2007-04-20 </periodOfReport> |
| <notSubjectToSection16> 1 </notSubjectToSection16> |
| <issuer> |
| | <issuerCik> 0001281949 </issuerCik> |
| | <issuerName> ADESA INC </issuerName> |
| | <issuerTradingSymbol> KAR </issuerTradingSymbol> |
| | </issuer> |
| <reportingOwner> |
| | <reportingOwnerId> |
| | | <rptOwnerCik> 0001354937 </rptOwnerCik> |
| | | <rptOwnerName> Beaver Ron </rptOwnerName> |
| | | </reportingOwnerId> |
| | <reportingOwnerAddress> |
| | | <rptOwnerStreet1> 13085 HAMILTON CROSSING BLVD. </rptOwnerStreet1> |
| | | <rptOwnerStreet2> SUITE 500 </rptOwnerStreet2> |
| | | <rptOwnerCity> CARMEL </rptOwnerCity> |
| | | <rptOwnerState> IN </rptOwnerState> |
| | | <rptOwnerZipCode> 46032 </rptOwnerZipCode> |
| | | <rptOwnerStateDescription></rptOwnerStateDescription> |
| | | </reportingOwnerAddress> |
| | <reportingOwnerRelationship> |
| | | <isDirector> 0 </isDirector> |
| | | <isOfficer> 1 </isOfficer> |
| | | <isTenPercentOwner> 0 </isTenPercentOwner> |
| | | <isOther> 0 </isOther> |
| | | <officerTitle> EVP & CIO </officerTitle> |
| | | <otherText></otherText> |
| | | </reportingOwnerRelationship> |
| | </reportingOwner> |
| <nonDerivativeTable></nonDerivativeTable> |
| <derivativeTable> |
| | <derivativeTransaction> |
| | | <securityTitle> |
| <value> Restricted Stock Units </value> |
| </securityTitle> |
| | | <conversionOrExercisePrice> |
| <value> 0 </value> |
| </conversionOrExercisePrice> |
| | | <transactionDate> |
| <value> 2007-04-20 </value> |
| </transactionDate> |
| | | <transactionCoding> |
| <transactionFormType> 4 </transactionFormType> |
| <transactionCode> D </transactionCode> |
| <equitySwapInvolved> 0 </equitySwapInvolved> |
| </transactionCoding> |
| | | <transactionAmounts> |
| <transactionShares> |
| <value> 2000 </value> |
| </transactionShares> |
| <transactionPricePerShare> |
| <footnoteId id="F1"/> |
| </transactionPricePerShare> |
| <transactionAcquiredDisposedCode> |
| <value> D </value> |
| </transactionAcquiredDisposedCode> |
| </transactionAmounts> |
| | | <exerciseDate> |
| <footnoteId id="F1"/> |
| </exerciseDate> |
| | | <expirationDate> |
| <footnoteId id="F2"/> |
| </expirationDate> |
| | | <underlyingSecurity> |
| <underlyingSecurityTitle> |
| <value> Common Stock </value> |
| </underlyingSecurityTitle> |
| <underlyingSecurityShares> |
| <value> 2000 </value> |
| </underlyingSecurityShares> |
| </underlyingSecurity> |
| | | <postTransactionAmounts> |
| <sharesOwnedFollowingTransaction> |
| <value> 0 </value> |
| </sharesOwnedFollowingTransaction> |
| </postTransactionAmounts> |
| | | <ownershipNature> |
| <directOrIndirectOwnership> |
| <value> D </value> |
| </directOrIndirectOwnership> |
| </ownershipNature> |
| | | </derivativeTransaction> |
| | <derivativeTransaction> |
| | | <securityTitle> |
| <value> Options to Purchase Common Stock (right to buy) </value> |
| </securityTitle> |
| | | <conversionOrExercisePrice> |
| <value> 25.595 </value> |
| </conversionOrExercisePrice> |
| | | <transactionDate> |
| <value> 2007-04-20 </value> |
| </transactionDate> |
| | | <transactionCoding> |
| <transactionFormType> 4 </transactionFormType> |
| <transactionCode> D </transactionCode> |
| <equitySwapInvolved> 0 </equitySwapInvolved> |
| </transactionCoding> |
| | | <transactionAmounts> |
| <transactionShares> |
| <value> 30000 </value> |
| </transactionShares> |
| <transactionPricePerShare> |
| <footnoteId id="F3"/> |
| </transactionPricePerShare> |
| <transactionAcquiredDisposedCode> |
| <value> D </value> |
| </transactionAcquiredDisposedCode> |
| </transactionAmounts> |
| | | <exerciseDate> |
| <footnoteId id="F3"/> |
| </exerciseDate> |
| | | <expirationDate> |
| <value> 2012-03-15 </value> |
| </expirationDate> |
| | | <underlyingSecurity> |
| <underlyingSecurityTitle> |
| <value> Common Stock </value> |
| </underlyingSecurityTitle> |
| <underlyingSecurityShares> |
| <value> 30000 </value> |
| </underlyingSecurityShares> |
| </underlyingSecurity> |
| | | <postTransactionAmounts> |
| <sharesOwnedFollowingTransaction> |
| <value> 0 </value> |
| </sharesOwnedFollowingTransaction> |
| </postTransactionAmounts> |
| | | <ownershipNature> |
| <directOrIndirectOwnership> |
| <value> D </value> |
| </directOrIndirectOwnership> |
| </ownershipNature> |
| | | </derivativeTransaction> |
| | </derivativeTable> |
| <footnotes> |
| | <footnote id="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> |
| | <footnote id="F2"> N/A </footnote> |
| | <footnote id="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. </footnote> |
| | </footnotes> |
| <ownerSignature> |
| | <signatureName> Rebecca C. Polak for Ron Beaver </signatureName> |
| | <signatureDate> 2007-04-24 </signatureDate> |
| | </ownerSignature> |
| </ownershipDocument> |