SEC Form 4 · accession 0001140361-15-034684
MOTORCAR PARTS OF AMERICA INC · MPAA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven Kratz
Officer — Chief Operating Officer
Period of report
Sep 4, 2015
Accepted (ET)
Sep 9, 2015 · 4:08 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 | Sep 4, 2015 | S | 666 | $31.2103 | D | 6,732 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF2 | $31.13 | Sep 4, 2015 | A | 7,100 | A | Sep 4, 2015 | Sep 3, 2025 | Common Stock | 7,100 | 7,100 | D |
| Restricted Stock UnitF3,F4 | — | Sep 4, 2015 | A | 3,400 | A | — | — | Common Stock | 3,400 | 3,400 | D |
Explanation of responses
- F1The price reported in Column 4 of Table I is a weighted average price. These shares were sold in multiple prices ranging from $31.1 to $31.28, inclusive. The reporting person undertakes to provide to Motorcar Parts of America, Inc., any security holder of Motorcar Parts of America, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F2The option will vest in three equal annual installments beginning September 4, 2016, subject to the reporting person's continued employment with the issuer through each applicable vesting date.
- F3Each restricted stock unit represents a contingent right to receive one share of MPAA common stock.
- F4The restricted stock units vest in three equal annual installments beginning September 4, 2016, subject to the reporting person's continued status as an employee through each applicable vesting date. Vested shares will be delivered to the reporting person no later than 60 days following the applicable vesting date.