SEC Form 4 · accession 0001140361-16-053750
CarParts.com, Inc. · PRTS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Shane N Evangelist
Officer — Chief Executive Officer · Director
Period of report
Feb 16, 2016
Accepted (ET)
Feb 17, 2016 · 5:49 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 | 75,021 | $0.00 | A | 548,173 | D | |
| Common Stock | Feb 16, 2016 | F | 28,192 | $2.80 | D | 519,981 | 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 | 75,021 | D | — | — | Common Stock | 75,021 | 0 | D |
Explanation of responses
- F1In accordance with the Stock Unit Award Agreement dated January 29, 2015, the reporting person was granted 75,021 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 January 29, 2015, the Issuer elected to cancel and not issue vested shares to satisfy tax withholding obligations of the reporting person.