SEC Form 4 · accession 0001140361-16-069872
MOTORCAR PARTS OF AMERICA INC · MPAA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joffe Selwyn
Officer — President, CEO & Chairman · Director
Period of report
Jun 11, 2016
Accepted (ET)
Jun 15, 2016 · 4:55 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 | Jun 11, 2016 | M | 17,196 | $0.00 | A | 136,735 | D | |
| Common StockF2 | Jun 13, 2016 | F | 7,841 | $27.74 | D | 128,894 | 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 UnitsF3,F4 | — | Jun 11, 2016 | M | 17,196 | D | — | — | Common Stock | 17,196 | 17,197 | D |
Explanation of responses
- F1These shares were acquired upon vesting of the restricted stock units granted on June 11, 2014, as reported in Table II of this Form 4.
- F2Represents shares reacquired to satisfy tax liabilities in connection with common stock issued in settlement of restricted stock units that vested on June 11, 2016, as reported on Table II of this Form 4.
- F3Each restricted stock unit represents a contingent right to receive one share of MPAA common stock.
- F4On June 11, 2014, the reporting person was granted 51,589 restricted stock units. The restricted stock units vest in three equal annual installments beginning June 11, 2015, subject to the reporting persons continued employment through each applicable vesting date. Vested shares will be delivered to the reporting person no later than 60 days following the applicable vesting date.