Douglas Earl Schooner - 17 Jun 2023 Form 4 Insider Report for MOTORCAR PARTS OF AMERICA INC (MPAA)

Role
Chief Manufacturing Officer
Signature
/s/ Douglas Schooner
Issuer symbol
MPAA
Transactions as of
17 Jun 2023
Net transactions value
-$10,988
Form type
4
Filing time
21 Jun 2023, 18:59:57 UTC
Previous filing
06 Jul 2022
Next filing
21 Jun 2024
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 +1,100 +7.6% $0.000000 15,507 17 Jun 2023 Direct
transaction MPAA Common Stock Tax liability $2,999 -449 -2.9% $6.68 15,058 17 Jun 2023 Direct F1
transaction MPAA Common Stock Options Exercise $0 +1,414 +9.4% $0.000000 16,472 18 Jun 2023 Direct
transaction MPAA Common Stock Tax liability $3,854 -577 -3.5% $6.68 15,895 18 Jun 2023 Direct F1
transaction MPAA Common Stock Options Exercise $0 +1,579 +9.9% $0.000000 17,474 20 Jun 2023 Direct
transaction MPAA Common Stock Tax liability $4,134 -644 -3.7% $6.42 16,830 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 -1,100 -100% $0.000000* 0 17 Jun 2023 Common Stock 1,100 $0.000000 Direct F2
transaction MPAA Restricted Stock Units Options Exercise $0 -1,414 -50% $0.000000 1,415 18 Jun 2023 Common Stock 1,414 $0.000000 Direct F3
transaction MPAA Performance Based Stock Unit Award $0 +20,325 $0.000000 20,325 19 Jun 2023 Common Stock 20,325 $0.000000 Direct F4
transaction MPAA Restricted Stock Units Options Exercise $0 -1,579 -33% $0.000000 3,159 20 Jun 2023 Common Stock 1,579 $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