SEC Form 4 · accession 0001158449-18-000208
ADVANCE AUTO PARTS INC · AAP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Reuben E Slone
Officer — EVP Supply Chain
Period of report
Nov 19, 2018
Accepted (ET)
Nov 20, 2018 · 1:36 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 | Nov 19, 2018 | A | 2,813 | $177.75 | A | 8,118 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The reported amount of restricted stock units (RSUs) represents the 50% portion of a target equity award that is subject to time vesting in three approximately equal annual installments beginning one year from the grant date. The remaining 50% of the target equity award may vest on November 20, 2022, 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 RSUs up to a maximum of an additional 50% of the target award level.