Joffe Selwyn - 17 Jun 2023 Form 4/A Insider Report for MOTORCAR PARTS OF AMERICA INC (MPAA)

Role
President, CEO & Chairman, Director
Signature
/s/ Selwyn Joffe
Issuer symbol
MPAA
Transactions as of
17 Jun 2023
Net transactions value
-$118,045
Form type
4/A
Filing time
19 Jul 2024, 20:09:08 UTC
Date Of Original Report
21 Jun 2023
Previous filing
27 Sep 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 +15,635 +3.9% $0.000000 418,570 17 Jun 2023 Direct
transaction MPAA Common Stock Tax liability $35,043 -5,246 -1.3% $6.68 413,324 17 Jun 2023 Direct F1
transaction MPAA Common Stock Options Exercise $0 +6,684 +1.6% $0.000000 420,008 18 Jun 2023 Direct
transaction MPAA Common Stock Tax liability $13,627 -2,040 -0.49% $6.68 417,968 18 Jun 2023 Direct F1
transaction MPAA Common Stock Options Exercise $0 +12,687 +3% $0.000000 430,655 20 Jun 2023 Direct
transaction MPAA Common Stock Tax liability $21,860 -3,405 -0.79% $6.42 427,250 20 Jun 2023 Direct F1
transaction MPAA Common Stock Tax liability $47,514 -7,401 -1.7% $6.42 419,849 20 Jun 2023 Direct F2
transaction MPAA Common Stock Options Exercise $0 +27,058 +6.4% $0.000000 446,907 20 Jun 2023 Direct F3

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 -15,635 -100% $0.000000* 0 17 Jun 2023 Common Stock 15,635 $0.000000 Direct F4
transaction MPAA Restricted Stock Units Options Exercise $0 -6,684 -50% $0.000000 6,683 18 Jun 2023 Common Stock 6,684 $0.000000 Direct F5
transaction MPAA Performance Based Stock Units Award $0 +139,953 $0.000000 139,953 19 Jun 2023 Common Stock 139,953 $0.000000 Direct F6
transaction MPAA Performance Based Restricted Stock Options Exercise $0 -27,058 -100% $0.000000* 0 20 Jun 2023 Common Stock 27,058 $0.000000 Direct F3
transaction MPAA Restricted Stock Units Options Exercise $0 -12,687 -33% $0.000000 25,374 20 Jun 2023 Common Stock 12,687 $0.000000 Direct F7
* 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 Sold to pay taxes on Performance Based Restricted Stock Award.
F3 This amended Form 4 is being filed to correct an error in the number of shares vested from Mr. Joffe's Performance Based Restricted Stock grant of June 20, 2022. He met 27.06% of the performance criteria and thus vested in 27,058 shares of common stock, instead of 19,657 shares as reported on his June 21, 2023 form 4 filing.
F4 Vesting 1/3 each year for 3 years from grant date. beginning on 17-Jun-2020
F5 Vesting 1/3 each year for 3 years from grant date. beginning on 18-Jun-2021
F6 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.
F7 Vesting 1/3 each year for 3 years from grant date. beginning on 20-Jun-2022