Selwyn Joffe - Jun 18, 2021 Form 4 Insider Report for MOTORCAR PARTS AMERICA INC (MPAA)

Role
President, CEO & Chairman, Director
Signature
/s/ Selwyn Joffe
Stock symbol
MPAA
Transactions as of
Jun 18, 2021
Transactions value $
-$126,182
Form type
4
Date filed
6/22/2021, 06:57 PM
Previous filing
Jun 21, 2021
Next filing
Jul 6, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MPAA Common Stock Options Exercise $0 +11K +4.82% $0.00 240K Jun 18, 2021 Direct
transaction MPAA Common Stock Tax liability -$126K -5.67K -2.36% $22.27 234K Jun 18, 2021 Direct

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 MPAA Performance Based Restricted Stock Options Exercise $0 +99.1K $0.00 99.1K Jun 18, 2021 Common Stock 99.1K Direct F1, F2
transaction MPAA Restricted Stock Unit Options Exercise $0 -11K -12.14% $0.00 79.8K Jun 18, 2021 Common Stock 11K Direct F3, F4
transaction MPAA Restricted Stock Unit Award $0 +20.1K +25.12% $0.00 99.9K Jun 18, 2021 Common Stock 20.1K Direct F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Performance Based Restricted Stock represents a contingent right to receive a share of MPAA common stock.
F2 Performance Based Restricted Stock was granted on September 2, 2020, the Board determined the Performance Based Restricted Stock vest at 99.082% on June 18, 2021 and the shares will be paid out on September 2, 2021.
F3 Each restricted stock unit represents a contingent right to receive one share of MPAA common stock.
F4 Vesting 1/3 each year for 3 years from grant date. beginning on 18-Jun-2018
F5 Vesting 1/3 each year for 3 years from grant date. beginning on 18-Jun-2021