Statement of Changes in Beneficial Ownership (4)
21 October 2020 - 9:38AM
Edgar (US Regulatory)
FORM 4
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Berman Joshua L |
2. Issuer Name and Ticker or Trading Symbol
CarParts.com, Inc.
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PRTS
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below)
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(Last)
(First)
(Middle)
C/O CARPARTS.COM, INC., 2050 W. 190TH STREET, SUITE 400 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
10/16/2020 |
(Street)
TORRANCE, CA 90504
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 10/16/2020 | | M | | 20000 | A | $3.25 | 119492 | D | |
Common Stock | 10/16/2020 | | S | | 20000 | D | $12.54 (1) | 99492 | D | |
Common Stock | 10/19/2020 | | M | | 20000 | A | $2.33 | 119492 | D | |
Common Stock | 10/19/2020 | | S | | 20000 | D | $12.65 (1) | 99492 | D | |
Common Stock | 10/20/2020 | | M | | 30000 | A | $3.87 | 129492 | D | |
Common Stock | 10/20/2020 | | S | | 30000 | D | $13.27 (1) | 99492 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Stock Options (Right to Buy) | $3.25 | 10/16/2020 | | M | | | 20000 | (2) | 5/20/2024 | Common Stock | 20000 | $0 | 145000 | D | |
Stock Options (Right to Buy) | $2.33 | 10/19/2020 | | M | | | 20000 | (3) | 5/20/2025 | Common Stock | 20000 | $0 | 125000 | D | |
Stock Options (Right to Buy) | $3.87 | 10/20/2020 | | M | | | 30000 | (4) | 5/31/2026 | Common Stock | 30000 | $0 | 95000 | D | |
Explanation of Responses: |
(1) | This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person. The price reported above reflects the weighted-average sale price for each day, with the low and high price from the range of prices shown as follows:
October 16, 2020: Low price of $12.34 and a high price of $12.85.
October 19, 2020: Low price of $12.34 and a high price of $12.90.
October 20, 2020: Low price of $12.60 and a high price of $13.55. |
(2) | The stock option was granted to the Reporting Person on May 20, 2014 pursuant to the Company's 2007 Omnibus Incentive Plan. Thirty-three percent (33%) of the shares of stock subject to the option vested on the first anniversary of the grant date, and the remainder of the shares subject to the option vested in equal monthly installments thereafter over two years. |
(3) | The stock option was granted to the Reporting Person on May 20, 2015 pursuant to the Company's 2007 Omnibus Incentive Plan. Thirty-three percent (33%) of the shares of stock subject to the option vested on the first anniversary of the grant date, and the remainder of the shares subject to the option vested in equal monthly installments thereafter over two years. |
(4) | The stock option was granted to the Reporting Person on May 31, 2016 pursuant to the Company's 2007 Omnibus Incentive Plan. Thirty-three percent (33%) of the shares of stock subject to the option vested on the first anniversary of the grant date, and the remainder of the shares subject to the option vested in equal monthly installments thereafter over two years. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Berman Joshua L C/O CARPARTS.COM, INC. 2050 W. 190TH STREET, SUITE 400 TORRANCE, CA 90504 | X |
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Signatures
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/s/ Joshua L. Berman | | 10/20/2020 |
**Signature of Reporting Person | Date |
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