SEC Form 4 · accession 0001140361-17-013250
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, 2017
Accepted (ET)
Mar 24, 2017 · 4:18 pm EDT
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 | Mar 23, 2017 | A | 30,000 | $0.00 | A | 104,750 | D | |
| Common Stock | Mar 23, 2017 | F | 705 | $3.31 | D | 104,045 | 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 | $3.31 | Mar 23, 2017 | D | 30,000 | D | — | — | Common Stock | 30,000 | 0 | D |
Explanation of responses
- F1In accordance with the Stock Unit Award Agreement dated March 23, 2015, the reporting person was granted 30,000 restricted stock units which vested 100% on March 23, 2017. 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 shares were cancelled to satisfy tax withholding obligations of the reporting person.