SEC Form 4/A · accession 0001158449-18-000165
ADVANCE AUTO PARTS INC · AAP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Jeffrey W Shepherd
Officer — SVP, Controller & CAO
Period of report
Mar 1, 2018
Accepted (ET)
Aug 20, 2018 · 9:56 am 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 | Mar 1, 2018 | F | 571 | $117.51 | D | 4,887 | D | |
| Common StockF2,F3 | Mar 1, 2018 | A | 2,171 | $117.51 | A | 7,058 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents shares withheld to satisfy a tax withholding obligation upon the vesting of restricted stock units.
- F2The reported amount of time-based restricted stock units (RSUs) along with performance-based RSUs not reported on this Form 4, collectively, represent 47.36% and 52.64% portions, respectively, of a target equity award. The time-based RSUs are subject to time vesting in three approximately equal annual installments beginning one year from the grant date. The performance-based RSUs may vest on the third anniversary of the grant date, 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 RSUs up to a maximum of an additional 200% of the target level grant of performance-based RSUs.
- F3On March 1,2018 the Reporting Person filed a Form 4 incorrectly reporting a grant of 2,438 RSUs when in fact 2,171 RSUs were granted.