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CarParts.com, Inc. Director's Dealing 2020

Mar 12, 2020

34693_dirs_2020-03-12_e9791645-6f8d-4582-934c-39e2ff7f0b7f.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: 2020-03-10

Reporting Person: Gomes Sanjiv (CTO)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2020-03-10 Common Stock A 64877 Acquired 137309 Direct
2020-03-10 Common Stock A 19382 Acquired 156691 Direct

Footnotes

F1: Represents the vesting of performance-based restricted stock units previously granted to the Reporting Person by the Company on May 22, 2019 under the Company's annual incentive bonus plan. The performance conditions applicable to the award were determined to have been satisfied by the Company's Board of Directors on March 10, 2020, resulting in the immediate vesting of the restricted stock units as to 137,309 shares.

F2: Represents common stock awarded to the Reporting Person upon the determination by the Company's Board of Directors of the achievement of the performance conditions under the Company's annual incentive bonus plan. The common stock was awarded to the Reporting Person in lieu of cash under the Company's annual incentive bonus plan.