Mill Road Capital III, L.P. - Dec 10, 2021 Form 4 Insider Report for SUPERIOR INDUSTRIES INTERNATIONAL INC (SUP)

Role: 10%+ Owner
Signature: /s/ Justin C. Jacobs, Management Committee Director of sole general partner on behalf of Mill Road Capital III, L.P.
Stock symbol: SUP
Transactions as of: Dec 10, 2021
Transactions value $: $213,670
Form type: 4
Date filed: 12/14/2021, 07:22 PM
Previous filing: Dec 7, 2021
Next filing: Dec 16, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SUP	Common Stock, $0.01 par value	Purchase	$72.8K	+9.7K	+0.35%	$7.50	2.81M	Dec 10, 2021	Direct	F1
transaction	SUP	Common Stock, $0.01 par value	Purchase	$28.9K	+6.61K	+0.24%	$4.38	2.82M	Dec 13, 2021	Direct	F1
transaction	SUP	Common Stock, $0.01 par value	Purchase	$31.2K	+7.1K	+0.25%	$4.39	2.82M	Dec 13, 2021	Direct	F1
transaction	SUP	Common Stock, $0.01 par value	Purchase	$55.6K	+12.4K	+0.44%	$4.48	2.84M	Dec 14, 2021	Direct	F1
transaction	SUP	Common Stock, $0.01 par value	Purchase	$37.5K	+8.35K	+0.29%	$4.49	2.84M	Dec 14, 2021	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	SUP	Put options (obligation to buy)	Exercise of in-the-money or at-the-money derivative security	$0	-97	-21.32%	$0.00	358	Dec 10, 2021	Common Stock	9.7K	$7.50	Direct	F1, F2
transaction	SUP	Put options (obligation to buy)	Sale	-$675	-15	-50%	$45.00	15	Dec 10, 2021	Common Stock	1.5K	$5.00	Direct	F1
transaction	SUP	Put options (obligation to buy)	Sale	-$275	-5	-50%	$55.00	5	Dec 13, 2021	Common Stock	500	$5.00	Direct	F1
transaction	SUP	Put options (obligation to buy)	Sale	-$11.3K	-225	-50%	$50.16	225	Dec 14, 2021	Common Stock	22.5K	$5.00	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The shares reported are directly held by Mill Road Capital III, L.P. (the "Fund"). Mill Road Capital III GP LLC (the "GP") is the sole general partner of the Fund and has sole authority to vote (or direct the vote of), and to dispose (or direct the disposal) of, these shares on behalf of the Fund. Mr. Lynch is a management committee director of the GP and has shared authority to vote (or direct the vote of), and to dispose (or direct the disposal) of, these shares on behalf of the GP. Each of the Reporting Persons disclaims beneficial ownership of such shares except to the extent of his or its pecuniary interest therein, if any.
F2	Each put option became exercisable on the date purchased, which dates range from 9/20/2021 to 9/30/2021.

Content

The shares reported are directly held by Mill Road Capital III, L.P. (the "Fund"). Mill Road Capital III GP LLC (the "GP") is the sole general partner of the Fund and has sole authority to vote (or direct the vote of), and to dispose (or direct the disposal) of, these shares on behalf of the Fund. Mr. Lynch is a management committee director of the GP and has shared authority to vote (or direct the vote of), and to dispose (or direct the disposal) of, these shares on behalf of the GP. Each of the Reporting Persons disclaims beneficial ownership of such shares except to the extent of his or its pecuniary interest therein, if any.

Each put option became exercisable on the date purchased, which dates range from 9/20/2021 to 9/30/2021.