Kamlesh Shah - 17 Jun 2023 Form 4 Insider Report for MOTORCAR PARTS OF AMERICA INC (MPAA)

Role
Chief Accounting Officer
Signature
/s/ Kamlesh Shah
Issuer symbol
MPAA
Transactions as of
17 Jun 2023
Net transactions value
-$10,470
Form type
4
Filing time
21 Jun 2023, 19:00:29 UTC
Previous filing
26 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 +1,100 +8% $0.000000 14,848 17 Jun 2023 Direct
transaction MPAA Common Stock Tax liability $2,999 -449 -3% $6.68 14,399 17 Jun 2023 Direct F1
transaction MPAA Common Stock Options Exercise $0 +1,070 +7.4% $0.000000 15,469 18 Jun 2023 Direct
transaction MPAA Common Stock Tax liability $2,919 -437 -2.8% $6.68 15,032 18 Jun 2023 Direct F1
transaction MPAA Common Stock Options Exercise $0 +1,737 +12% $0.000000 16,769 20 Jun 2023 Direct
transaction MPAA Common Stock Tax liability $4,552 -709 -4.2% $6.42 16,060 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 -1,070 -50% $0.000000 1,069 18 Jun 2023 Common Stock 1,070 $0.000000 Direct F3
transaction MPAA Performance Based Stock Unit Award $0 +26,132 $0.000000 26,132 19 Jun 2023 Common Stock 26,132 $0.000000 Direct F4
transaction MPAA Restricted Stock Units Options Exercise $0 -1,737 -33% $0.000000 3,475 20 Jun 2023 Common Stock 1,737 $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