David Sung Lee - 17 Jun 2023 Form 4 Insider Report for MOTORCAR PARTS OF AMERICA INC (MPAA)

Role
CFO
Signature
/s/ David Lee
Issuer symbol
MPAA
Transactions as of
17 Jun 2023
Net transactions value
-$35,389
Form type
4
Filing time
21 Jun 2023, 18:58:43 UTC
Previous filing
12 Aug 2022
Next filing
22 Sep 2023
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 +2,617 +8.1% $0.000000 34,760 17 Jun 2023 Direct
transaction MPAA Common Stock Tax liability $10,067 -1,507 -4.3% $6.68 33,253 17 Jun 2023 Direct F1
transaction MPAA Common Stock Options Exercise $0 +2,589 +7.8% $0.000000 35,842 18 Jun 2023 Direct
transaction MPAA Common Stock Tax liability $9,953 -1,490 -4.2% $6.68 34,352 18 Jun 2023 Direct F1
transaction MPAA Common Stock Options Exercise $0 +4,159 +12% $0.000000 38,511 20 Jun 2023 Direct
transaction MPAA Common Stock Tax liability $15,369 -2,394 -6.2% $6.42 36,117 20 Jun 2023 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 MPAA Restricted Stock Units Options Exercise $0 -2,617 -100% $0.000000* 0 17 Jun 2023 Common Stock 2,617 $0.000000 Direct F2
transaction MPAA Restricted Stock Units Options Exercise $0 -2,589 -50% $0.000000 2,589 18 Jun 2023 Common Stock 2,589 $0.000000 Direct F3
transaction MPAA Performance Based Stock Unit Conversion of derivative security $0 +52,265 $0.000000 52,265 19 Jun 2023 Common Stock 52,265 $0.000000 Direct F4
transaction MPAA Restricted Stock Units Options Exercise $0 -4,159 -33% $0.000000 8,317 20 Jun 2023 Common Stock 4,159 $0.000000 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Used to pay taxes upon vesting of RSUs.
F2 Vesting 1/3 each year for 3 years from grant date. beginning on 17-Jun-2020
F3 Vesting 1/3 each year for 3 years from grant date. beginning on 18-Jun-2021
F4 These Performance Based Stock Units will vest 1/3 when the Company Common Stock price reaches $10/share for at least 30 days, another 1/3 will vest when the Company Common Stock price reaches $15 for at least 30 days, the last 1/3 of the grant will vest when the Company Stock price reaches $20/share for at least 30 days. The last 1/3 may vest at 50%-100% if the Common Stock price reaches between $17.50 - $20 for at least 30 days, and may vest at 100%- 150% if the Common Stock price reaches between $20-$25 for at least 30 days.
F5 Vesting 1/3 each year for 3 years from grant date. beginning on 20-Jun-2022