SEC Form 4 · accession 0001158449-16-000309
ADVANCE AUTO PARTS INC · AAP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
George E Sherman Jr.
Officer — Interim CEO
Period of report
Mar 1, 2016
Accepted (ET)
Mar 3, 2016 · 4:59 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001158449
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 1, 2016 | A | 6,378 | — | A | 20,322 | D | |
| Common StockF2 | Mar 1, 2016 | F | 2,115 | $153.35 | D | 18,207 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On May 28, 2013 the reporting person received an equity award which was subject to achieving certain predetermined financial performance targets subject to certification by the registrant's Compensation Committee. On March 1, 2016, the registrant's Compensation Committee determined that these performance conditions had been achieved at a level providing for a payout of 100% of the target award.
- F2Represents shares withheld to satisfy a tax withholding obligation upon the vesting of performance restricted stock units.