SEC Form 4 · accession 0001140361-15-012978
CarParts.com, Inc. · PRTS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Neil T Watanabe
Officer — CHIEF FINANCIAL OFFICER
Period of report
Mar 23, 2015
Accepted (ET)
Mar 23, 2015 · 6:22 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001378950
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (Right to Buy)F1,F2 | $2.18 | Mar 23, 2015 | A | 335,000 | A | Mar 23, 2016 | Mar 22, 2025 | Common Stock | 335,000 | 335,000 | D |
| Restricted Stock UnitsF1,F3,F4 | — | Mar 23, 2015 | A | 34,404 | A | — | — | Common Stock | 34,404 | 34,404 | D |
| Restricted Stock UnitsF1,F3,F5 | — | Mar 23, 2015 | A | 30,000 | A | — | — | Common Stock | 30,000 | 64,404 | D |
Explanation of responses
- F1Granted pursuant to the U.S. Auto Parts Network, Inc. 2007 Omnibus Incentive Plan.
- F2Twenty-five percent of the shares of stock subject to the option vest on the first anniversary of the grant date, and the remainder of which will vest in equal monthly installments thereafter over three years, subject to the employee's service to the Company through such dates.
- F3Not applicable
- F4The Restricted Stock Unit shall become 100% vested on February 15, 2016, provided that such individual has served as an employee of the Company continuously from the date hereof through such date.
- F5The Restricted Stock Unit shall become 100% vested on March 23, 2017, provided that such individual has served as an employee of the Company continuously from the date hereof through such date.