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CarParts.com, Inc. — Director's Dealing 2017
Mar 7, 2017
34693_dirs_2017-03-07_0d3a58e3-cf96-44ea-8474-74e6cc667f9d.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: U.S. Auto Parts Network, Inc. (PRTS)
CIK: 0001378950
Period of Report: 2017-03-03
Reporting Person: WATANABE NEIL T (CHIEF FINANCIAL OFFICER)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-03-03 | Common Stock | A | 57303 | — | Acquired | 77054 | Direct |
| 2017-03-03 | Common Stock | F | 2304 | $3.35 | Disposed | 74750 | Direct |
Footnotes
F1: In accordance with the Stock Unit Award Agreement dated January 21, 2016, the reporting person was granted 57,303 performance-based restricted stock units which vested 100% on March 3, 2017, the date the Compensation Committee determined that the performance metrics were met. These restricted stock units converted to common stock on a one-for-one basis upon vesting.
F2: Pursuant to the Stock Unit Award Agreement dated January 21, 2016, the Issuer elected to cancel and not issue vested shares to satisfy tax withholding obligations of the reporting person.