David Sung Lee - 17 Jun 2021 Form 4 Insider Report for MOTORCAR PARTS AMERICA INC (MPAA)

Role
CFO
Signature
/s/ David Lee
Issuer symbol
MPAA
Transactions as of
17 Jun 2021
Net transactions value
-$54,434
Form type
4
Filing time
06 Jul 2021, 17:38:53 UTC
Previous filing
21 Jun 2021
Next filing
22 Jun 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 Tax liability $31,586 -1,335 -6% $23.66 20,764 17 Jun 2021 Direct F1
transaction MPAA Common Stock Options Exercise $0 +1,985 +9.6% $0.000000 22,749 02 Jul 2021 Direct
transaction MPAA Common Stock Tax liability $22,848 -1,020 -4.5% $22.40 21,729 02 Jul 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 Restricted Stock Unit Options Exercise $0 -1,985 -12% $0.000000 14,985 02 Jul 2021 Common Stock 1,985 $0.000000 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction, of shares being disposed of to pay for Income Taxes related to the vesting of Restricted Stock Units on June 17, 2021 was inadvertently left off the timely filing made on June 21, 2021.
F2 Each restricted stock unit represents a contingent right to receive one share of MPAA common stock.
F3 Vesting 1/3 each year for 3 years from grant date. beginning on 02-Jul-2019