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

Role
Chief Manufacturing Officer
Signature
/s/ Douglas Schooner
Stock symbol
MPAA
Transactions as of
Jun 17, 2023
Transactions value $
-$10,988
Form type
4
Date filed
6/21/2023, 06:59 PM
Previous filing
Jul 6, 2022
Next filing
Jun 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MPAA Common Stock Options Exercise $0 +1.1K +7.64% $0.00 15.5K Jun 17, 2023 Direct
transaction MPAA Common Stock Tax liability -$3K -449 -2.9% $6.68 15.1K Jun 17, 2023 Direct F1
transaction MPAA Common Stock Options Exercise $0 +1.41K +9.39% $0.00 16.5K Jun 18, 2023 Direct
transaction MPAA Common Stock Tax liability -$3.85K -577 -3.5% $6.68 15.9K Jun 18, 2023 Direct F1
transaction MPAA Common Stock Options Exercise $0 +1.58K +9.93% $0.00 17.5K Jun 20, 2023 Direct
transaction MPAA Common Stock Tax liability -$4.13K -644 -3.69% $6.42 16.8K 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 -1.1K -100% $0.00* 0 Jun 17, 2023 Common Stock 1.1K $0.00 Direct F2
transaction MPAA Restricted Stock Units Options Exercise $0 -1.41K -49.98% $0.00 1.42K Jun 18, 2023 Common Stock 1.41K $0.00 Direct F3
transaction MPAA Performance Based Stock Unit Award $0 +20.3K $0.00 20.3K Jun 19, 2023 Common Stock 20.3K $0.00 Direct F4
transaction MPAA Restricted Stock Units Options Exercise $0 -1.58K -33.33% $0.00 3.16K Jun 20, 2023 Common Stock 1.58K $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