0001562180-23-005415.txt : 20230621 0001562180-23-005415.hdr.sgml : 20230621 20230621185843 ACCESSION NUMBER: 0001562180-23-005415 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230617 FILED AS OF DATE: 20230621 DATE AS OF CHANGE: 20230621 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Lee David Sung CENTRAL INDEX KEY: 0001437480 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-33861 FILM NUMBER: 231031158 MAIL ADDRESS: STREET 1: 2929 CALIFORNIA STREET CITY: TORRANCE STATE: CA ZIP: 90503 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: MOTORCAR PARTS OF AMERICA INC CENTRAL INDEX KEY: 0000918251 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLE PARTS & ACCESSORIES [3714] IRS NUMBER: 112153962 STATE OF INCORPORATION: NY FISCAL YEAR END: 0331 BUSINESS ADDRESS: STREET 1: 2929 CALIFORNIA STREET CITY: TORRANCE STATE: CA ZIP: 90503 BUSINESS PHONE: 3109724015 MAIL ADDRESS: STREET 1: 2929 CALIFORNIA STREET CITY: TORRANCE STATE: CA ZIP: 90503 FORMER COMPANY: FORMER CONFORMED NAME: MOTORCAR PARTS AMERICA INC DATE OF NAME CHANGE: 20100614 FORMER COMPANY: FORMER CONFORMED NAME: MOTORCAR PARTS AMERICA INC DATE OF NAME CHANGE: 20040112 FORMER COMPANY: FORMER CONFORMED NAME: MOTORCAR PARTS & ACCESSORIES INC DATE OF NAME CHANGE: 19940128 4 1 primarydocument.xml PRIMARY DOCUMENT X0407 4 2023-06-17 false 0000918251 MOTORCAR PARTS OF AMERICA INC MPAA 0001437480 Lee David Sung 2929 CALIFORNIA STREET TORRANCE CA 90503 false true false false CFO false Common Stock 2023-06-17 4 M false 2617.00 0.00 A 34760.00 D Common Stock 2023-06-17 4 F false 1507.00 6.68 D 33253.00 D Common Stock 2023-06-18 4 M false 2589.00 0.00 A 35842.00 D Common Stock 2023-06-18 4 F false 1490.00 6.68 D 34352.00 D Common Stock 2023-06-20 4 M false 4159.00 0.00 A 38511.00 D Common Stock 2023-06-20 4 F false 2394.00 6.42 D 36117.00 D Restricted Stock Units 0.00 2023-06-17 4 M false 2617.00 0.00 D 2029-12-31 Common Stock 2617.00 0.00 D Restricted Stock Units 0.00 2023-06-18 4 M false 2589.00 0.00 D 2029-12-31 Common Stock 2589.00 2589.00 D Performance Based Stock Unit 0.00 2023-06-19 4 C false 52265.00 0.00 A 2026-06-30 Common Stock 52265.00 52265.00 D Restricted Stock Units 0.00 2023-06-20 4 M false 4159.00 0.00 D 2025-12-31 Common Stock 4159.00 8317.00 D Used to pay taxes upon vesting of RSUs. Vesting 1/3 each year for 3 years from grant date. beginning on 17-Jun-2020 Vesting 1/3 each year for 3 years from grant date. beginning on 18-Jun-2021 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. Vesting 1/3 each year for 3 years from grant date. beginning on 20-Jun-2022 /s/ David Lee 2023-06-21