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

Role
CFO
Signature
/s/ David Lee
Stock symbol
MPAA
Transactions as of
Jun 17, 2023
Transactions value $
-$35,389
Form type
4
Date filed
6/21/2023, 06:58 PM
Previous filing
Aug 12, 2022
Next filing
Sep 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MPAA Common Stock Options Exercise $0 +2.62K +8.14% $0.00 34.8K Jun 17, 2023 Direct
transaction MPAA Common Stock Tax liability -$10.1K -1.51K -4.34% $6.68 33.3K Jun 17, 2023 Direct F1
transaction MPAA Common Stock Options Exercise $0 +2.59K +7.79% $0.00 35.8K Jun 18, 2023 Direct
transaction MPAA Common Stock Tax liability -$9.95K -1.49K -4.16% $6.68 34.4K Jun 18, 2023 Direct F1
transaction MPAA Common Stock Options Exercise $0 +4.16K +12.11% $0.00 38.5K Jun 20, 2023 Direct
transaction MPAA Common Stock Tax liability -$15.4K -2.39K -6.22% $6.42 36.1K Jun 20, 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 -2.62K -100% $0.00* 0 Jun 17, 2023 Common Stock 2.62K $0.00 Direct F2
transaction MPAA Restricted Stock Units Options Exercise $0 -2.59K -50% $0.00 2.59K Jun 18, 2023 Common Stock 2.59K $0.00 Direct F3
transaction MPAA Performance Based Stock Unit Conversion of derivative security $0 +52.3K $0.00 52.3K Jun 19, 2023 Common Stock 52.3K $0.00 Direct F4
transaction MPAA Restricted Stock Units Options Exercise $0 -4.16K -33.34% $0.00 8.32K Jun 20, 2023 Common Stock 4.16K $0.00 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