0001562180-24-005812.txt : 20240719 0001562180-24-005812.hdr.sgml : 20240719 20240719200908 ACCESSION NUMBER: 0001562180-24-005812 CONFORMED SUBMISSION TYPE: 4/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230617 FILED AS OF DATE: 20240719 DATE AS OF CHANGE: 20240719 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: SELWYN JOFFE CENTRAL INDEX KEY: 0001160863 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4/A SEC ACT: 1934 Act SEC FILE NUMBER: 001-33861 FILM NUMBER: 241129033 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: MOTORCAR PARTS OF AMERICA INC CENTRAL INDEX KEY: 0000918251 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLE PARTS & ACCESSORIES [3714] ORGANIZATION NAME: 04 Manufacturing 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/A 1 primarydocument.xml PRIMARY DOCUMENT X0508 4/A 2023-06-17 2023-06-21 false 0000918251 MOTORCAR PARTS OF AMERICA INC MPAA 0001160863 SELWYN JOFFE 2929 CALIFORNIA STREET TORRANCE CA 90503 true true false false President, CEO & Chairman false Common Stock 2023-06-17 4 M false 15635.00 0.00 A 418570.00 D Common Stock 2023-06-17 4 F false 5246.00 6.68 D 413324.00 D Common Stock 2023-06-18 4 M false 6684.00 0.00 A 420008.00 D Common Stock 2023-06-18 4 F false 2040.00 6.68 D 417968.00 D Common Stock 2023-06-20 4 M false 12687.00 0.00 A 430655.00 D Common Stock 2023-06-20 4 F false 3405.00 6.42 D 427250.00 D Common Stock 2023-06-20 4 F false 7401.00 6.42 D 419849.00 D Common Stock 2023-06-20 4 M false 27058.00 0.00 A 446907.00 D Restricted Stock Units 0.00 2023-06-17 4 M false 15635.00 0.00 D 2029-12-31 Common Stock 15635.00 0.00 D Restricted Stock Units 0.00 2023-06-18 4 M false 6684.00 0.00 D 2029-12-31 Common Stock 6684.00 6683.00 D Performance Based Stock Units 0.00 2023-06-19 4 A false 139953.00 0.00 A 2026-06-30 Common Stock 139953.00 139953.00 D Performance Based Restricted Stock 0.00 2023-06-20 4 M false 27058.00 0.00 D 2023-06-20 2023-06-30 Common Stock 27058.00 0.00 D Restricted Stock Units 0.00 2023-06-20 4 M false 12687.00 0.00 D 2025-12-31 Common Stock 12687.00 25374.00 D Used to pay taxes upon vesting of RSUs. Sold to pay taxes on Performance Based Restricted Stock Award. 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. 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/ Selwyn Joffe 2024-07-19