Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
GARTZKE DAVID G
  2. Issuer Name and Ticker or Trading Symbol
ADESA INC [KAR]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chairman, President & CEO
(Last)
(First)
(Middle)
13085 HAMILTON CROSSING BLVD.
3. Date of Earliest Transaction (Month/Day/Year)
02/16/2006
(Street)

CARMEL, IN 46032
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, par value $.01 per share               46,323.573 D  
Common stock, par value $.01 per share               13,141 I By SERP
Common Stock, par value $.01 per share               21,107 I By Spouse

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units convertible to Common Stock $ 0               (1)   (2) Common Stock, par value $.01 per share 41,497   41,497 D  
Restricted Stock Units convertible to Common Stock $ 0               (1)   (2) Common Stock, par value $.01 per share 5,968   5,968 D  
Option to Purchase Common Stock, par value $.01 per share $ 13.26               (3) 01/02/2008 Common Stock, par value $.01 per share 10,128   10,128 D  
Option to Purchase Common Stock, par value $.01 per share $ 13.46               (4) 01/04/2009 Common Stock, par value $.01 per share 33,443   33,443 D  
Option to Purchase Common Stock, par value $.01 per share $ 14.49               (5) 01/02/2011 Common Stock, par value $.01 per share 27,526   27,526 D  
Option to Purchase Common Stock, par value $.01 per share $ 15.75               (6) 01/02/2012 Common Stock, par value $.01 per share 126,511   126,511 D  
Option to Purchase Common Stock, par value $.01 per share $ 17.14               (7) 01/02/2006 Common Stock, par value $.01 per share 3,941   0 D  
Option to Purchase Common Stock, par value $.01 per share $ 17.14               (7) 01/03/2010 Common Stock, par value $.01 per share 15,742   15,742 D  
Option to Purchase Common Stock, par value $.01 per share $ 12.58               (8) 02/03/2013 Common Stock, par value $.01 per share 121,006   121,006 D  
Option to Purchase Common Stock, par value $.01 per share $ 24               (9) 06/16/2010 Common Stock, par value $.01 per share 663,950   663,950 D  
Dividend Equivalent Rights (10)               (11)   (2) Common Stock, par value $.01 per share 128.555   694.874 D  
Restricted Stock Units convertible to Common Stock $ 0 02/16/2006   A   3,888     (1)   (2) Common Stock, par value $.01 per share 3,888 $ 0 3,888 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
GARTZKE DAVID G
13085 HAMILTON CROSSING BLVD.
CARMEL, IN 46032
  X     Chairman, President & CEO  

Signatures

 Rebecca C. Polak for David G. Gartzke   02/21/2006
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Restricted Stock Units vest on the third anniversary of the date of grant, provided that the executive is employed by ADESA, Inc. on such date at which time they will be converted into shares of ADESA, Inc. common stock or cash, at the election of ADESA, Inc.
(2) N/A
(3) One-half (1/2) of the total grant vested and became exercisable on January 2, 1999 and the remaining one-half (1/2) of the grant vested and became exercisable on January 2, 2000.
(4) One-half (1/2) of the total grant vested and became exercisable on January 4, 1999 and the remaining one-half (1/2) of the grant vested and became exercisable on January 4, 2000.
(5) One-half (1/2) of the total grant vested and became exercisable on January 2, 2002 and the remaining one-half (1/2) of the grant vested and became exercisable on January 2, 2003.
(6) One-half (1/2) of the total grant vested and became exercisable on January 2, 2003 and the remaining one-half (1/2) of the grant vested and became exercisable on January 2, 2004.
(7) The grant vested and became exercisable on March 18, 2003.
(8) One-half (1/2) of the total grant vested and became exercisable on February 3, 2004 and the remaining one-half (1/2) of the grant vested and became exercisable on February 3, 2005.
(9) Options vest and become exercisable with respect to one-third (1/3) of the total grant on each of the first three anniversaries of the date of grant, provided that the executive is employed by ADESA, Inc. on such date.
(10) 1-for-1
(11) The dividend equivalent rights accrued on Restricted Stock Units granted on 6/16/04 and vest with those Restricted Stock Units.

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