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

Role
President, CEO & Chairman, Director
Signature
/s/ Selwyn Joffe
Stock symbol
MPAA
Transactions as of
Jun 17, 2023
Transactions value $
-$118,045
Form type
4/A
Date filed
7/19/2024, 08:09 PM
Date Of Original Report
Jun 21, 2023
Previous filing
Sep 27, 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 +15.6K +3.88% $0.00 419K Jun 17, 2023 Direct
transaction MPAA Common Stock Tax liability -$35K -5.25K -1.25% $6.68 413K Jun 17, 2023 Direct F1
transaction MPAA Common Stock Options Exercise $0 +6.68K +1.62% $0.00 420K Jun 18, 2023 Direct
transaction MPAA Common Stock Tax liability -$13.6K -2.04K -0.49% $6.68 418K Jun 18, 2023 Direct F1
transaction MPAA Common Stock Options Exercise $0 +12.7K +3.04% $0.00 431K Jun 20, 2023 Direct
transaction MPAA Common Stock Tax liability -$21.9K -3.41K -0.79% $6.42 427K Jun 20, 2023 Direct F1
transaction MPAA Common Stock Tax liability -$47.5K -7.4K -1.73% $6.42 420K Jun 20, 2023 Direct F2
transaction MPAA Common Stock Options Exercise $0 +27.1K +6.44% $0.00 447K Jun 20, 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 -15.6K -100% $0.00* 0 Jun 17, 2023 Common Stock 15.6K $0.00 Direct F4
transaction MPAA Restricted Stock Units Options Exercise $0 -6.68K -50% $0.00 6.68K Jun 18, 2023 Common Stock 6.68K $0.00 Direct F5
transaction MPAA Performance Based Stock Units Award $0 +140K $0.00 140K Jun 19, 2023 Common Stock 140K $0.00 Direct F6
transaction MPAA Performance Based Restricted Stock Options Exercise $0 -27.1K -100% $0.00* 0 Jun 20, 2023 Common Stock 27.1K $0.00 Direct F3
transaction MPAA Restricted Stock Units Options Exercise $0 -12.7K -33.33% $0.00 25.4K Jun 20, 2023 Common Stock 12.7K $0.00 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