SEC Form 4 · accession 0001158449-16-000379
ADVANCE AUTO PARTS INC · AAP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas Greco
Officer — CEO · Director
Period of report
Apr 14, 2016
Accepted (ET)
Apr 18, 2016 · 4:10 pm EDT
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 | Apr 14, 2016 | A | 15,534 | $160.94 | A | 15,534 | D | |
| Common StockF2 | Apr 14, 2016 | A | 13,670 | $160.94 | A | 29,204 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation RightsF3 | $160.94 | Apr 14, 2016 | A | 68,745 | A | — | Apr 14, 2023 | Common Stock | 68,745 | 68,745 | D |
Explanation of responses
- F1The reported amount of time-based restricted stock units (RSUs) along with performance-based stock appreciation rights (SARs) not reported on this Form 4, collectively, represent equal portions of a target equity award. The RSUs are subject to time vesting in three approximately equal annual installments beginning one year from the grant date. The performance-based SARs may vest on April 14, 2019, if the registrant achieves certain pre-determined financial performance targets, subject to certification by the registrant's Compensation Committee. In addition, if the registrant's financial performance exceeds the target levels, the reporting person may receive additional performance-based SARs up to a maximum of an additional 100% of the target level grant of performance-based SARs.
- F2The RSUs reported on this Form 4 are subject to time vesting in approximately three equal annual installments beginning April 14, 2018.
- F3The reported amount of stock appreciation rights (SARs) represents an equity award that is subject to time vesting in approximately three equal annual installments beginning April 14, 2019.