SEC Form 4 · accession 0001140361-16-084155
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
Oct 9, 2016
Accepted (ET)
Oct 31, 2016 · 4:21 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,F2 | Oct 9, 2016 | M | 506 | — | A | 21,690 | 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,F3 | — | Oct 9, 2016 | M | 506 | D | — | — | Common Stock | 506 | 1,011 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of MPAA common stock.
- F2The reporting person and his wife are co-trustees of the Rudolph John Borneo and Charlene Louise Borneo Revocable Living Trust.
- F3On October 9, 2015, the reporting person was granted 1,517 restricted stock units. The restricted stock units vest in three equal annual installments beginning October 9, 2016, 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 not less than 60 days following the applicable vesting date.