U.S. Auto Parts Network, Inc. 4
4 · U.S. Auto Parts Network, Inc. · Filed Mar 7, 2017
Insider Transaction Report
Form 4
WATANABE NEIL T
CHIEF FINANCIAL OFFICER
Transactions
- Award
Common Stock
2017-03-03+57,303→ 77,054 total - Tax Payment
Common Stock
2017-03-03$3.35/sh−2,304$7,718→ 74,750 total
Footnotes (2)
- [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.