SEC Form 4 · accession 0001140361-16-071039
MOTORCAR PARTS OF AMERICA INC · MPAA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Sung Lee
Officer — Chief Financial Officer
Period of report
Jun 24, 2016
Accepted (ET)
Jun 28, 2016 · 4:41 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000918251
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF1 | $28.68 | Jun 24, 2016 | A | 10,800 | A | Jun 24, 2016 | Jun 23, 2026 | Common Stock | 10,800 | 0 | D |
| Restricted Stock UnitF2,F3 | — | Jun 24, 2016 | A | 2,800 | A | — | — | Common Stock | 2,800 | 2,800 | D |
Explanation of responses
- F1The option will vest in three equal annual installments beginning June 24, 2017, subject to the reporting person's continued employment with the issuer through each applicable vesting date.
- F2Each restricted stock unit represents a contingent right to receive one share of MPAA common stock.
- F3The restricted stock units vest in three equal annual installments beginning on June 24, 2017, subject to the reporting person's continued employment with the issuer through each applicable vesting date. Vested shares will be delivered to the reporting person no later than 60 days following the applicable vesting date.