SEC Form 4 · accession 0001140361-16-053747
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
Feb 16, 2016
Accepted (ET)
Feb 17, 2016 · 5:48 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001378950
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 16, 2016 | A | 34,404 | $0.00 | A | 34,404 | D | |
| Common Stock | Feb 16, 2016 | F | 14,653 | $2.80 | D | 19,751 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1 | — | Feb 16, 2016 | M | 34,404 | D | — | — | Common Stock | 34,404 | 30,000 | D |
Explanation of responses
- F1In accordance with the Stock Unit Award Agreement dated March 23, 2015, this reporting person was granted 34,404 restricted stock units, vesting 100% on February 16, 2016. These restricted stock units converted to common stock on a one-for-one basis upon vesting.
- F2Pursuant to the Stock Unit Award Agreement dated March 23, 2015, the Issuer elected to cancel and not issue vested shares to satisfy tax withholding obligations of the reporting person.