SEC Form 4 · accession 0001140361-15-018325
MOTORCAR PARTS OF AMERICA INC · MPAA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Rudolph J Borneo
Director
Period of report
May 5, 2015
Accepted (ET)
May 7, 2015 · 8:40 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000918251
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F3 | May 5, 2015 | M | 592 | — | A | 20,592 | I | By Family Trust |
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,F2 | — | May 5, 2015 | M | 592 | D | — | — | Common Stock | 592 | 1,184 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of MPAA common stock.
- F2On May 5, 2014, the reporting person was granted 1,776 restricted stock units. The restricted stock units vest in three equal annual installments beginning May 5, 2015, subject to the reporting person's continued status as a non-employee director through each applicable vesting date. Vested shares will be delivered to the reporting person no later than 60 days following the applicable vesting date.
- F3The reporting person and his wife are co-trustees of the Rudolph John Borneo and Charlene Louise Borneo Revocable Living Trust.