U.S. Auto Parts Network, Inc. 4
4 · U.S. Auto Parts Network, Inc. · Filed Mar 7, 2017
Insider Transaction Report
Form 4
Evangelist Shane N
Chief Executive Officer
Transactions
- Award
Common Stock
2017-03-03+131,742→ 651,723 total - Tax Payment
Common Stock
2017-03-03$3.35/sh−56,572$189,516→ 595,151 total
Footnotes (2)
- [F1]In accordance with the Stock Unit Award Agreement dated January 21, 2016, the reporting person was granted 131,742 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.