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

Role
President, CEO & Chairman, Director
Signature
/s/ Selwyn Joffe
Issuer symbol
MPAA
Transactions as of
18 Jun 2021
Net transactions value
-$126,182
Form type
4
Filing time
22 Jun 2021, 18:57:48 UTC
Previous filing
21 Jun 2021
Next filing
06 Jul 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MPAA Common Stock Options Exercise $0 +11,033 +4.8% $0.000000 239,900 18 Jun 2021 Direct
transaction MPAA Common Stock Tax liability $126,182 -5,666 -2.4% $22.27 234,234 18 Jun 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 +99,082 $0.000000 99,082 18 Jun 2021 Common Stock 99,082 Direct F1, F2
transaction MPAA Restricted Stock Unit Options Exercise $0 -11,033 -12% $0.000000 79,825 18 Jun 2021 Common Stock 11,033 Direct F3, F4
transaction MPAA Restricted Stock Unit Award $0 +20,050 +25% $0.000000 99,875 18 Jun 2021 Common Stock 20,050 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