0001562180-21-004417.txt : 20210621 0001562180-21-004417.hdr.sgml : 20210621 20210621211502 ACCESSION NUMBER: 0001562180-21-004417 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20200617 FILED AS OF DATE: 20210621 DATE AS OF CHANGE: 20210621 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: 211032813 MAIL ADDRESS: STREET 1: 2929 CALIFORNIA STREET CITY: TORRANCE STATE: CA ZIP: 90503 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: MOTORCAR PARTS 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: 20040112 FORMER COMPANY: FORMER CONFORMED NAME: MOTORCAR PARTS & ACCESSORIES INC DATE OF NAME CHANGE: 19940128 4 1 primarydocument.xml PRIMARY DOCUMENT X0306 4 2020-06-17 false 0000918251 MOTORCAR PARTS AMERICA INC MPAA 0001437480 Lee David Sung 2929 CALIFORNIA STREET TORRANCE CA 90503 false true false false CFO Common Stock 2021-06-17 4 M false 2617.00 0.00 A 21202.00 D Stock Option 15.12 2020-06-17 4 M false 5656.00 0.00 A 2021-06-17 2030-06-16 Common Stock 5656.00 16967.00 D Restricted Stock Units 0.00 2021-06-17 4 M false 2617.00 0.00 D 2030-12-31 Common Stock 2617.00 11036.00 D Stock Options granted on 6/17/20 have a performance requirement: in order to vest each year, the current price of a share of common stock of MPAA must be at least 8%, 12% and 16% higher than the grant price of $15.12, in order to vest at the first, second and third year after grant, in other words, it must be at least $16.33 in the first year, $16.93 in the second year and $17.54 in the third year, or the vested options will be forfeited for that year. By this report, MPAA reports that the stock options vested for the first year as the performance measure was met. Vesting 1/3 each year for 3 years from grant date. beginning on 17-Jun-2020 /s/ David Lee 2021-06-21