ADVANCE AUTO PARTS INC 4
4 · ADVANCE AUTO PARTS INC · Filed Dec 16, 2013
Insider Transaction Report
Form 4
Schumacher Kurt R
SVP, National Field Operations
Transactions
- Award
Common Stock
2013-12-12$107.93/sh+1,552$167,507→ 10,094 total
Footnotes (1)
- [F1]The reported amount of time-based restricted stock units (RSUs) along with performance-based stock appreciation rights (SARs) not reported on this Form 4, collectively, represent 67% and 33% portions, respectively, of a target equity award. The RSUs are subject to time vesting in three approximately equal annual installments beginning one year from the grant date. The performance-based SARs may vest on March 1, 2017, if the registrant achieves certain pre-determined financial performance targets, subject to certification by the registrant's Compensation Committee. In addition, if the registrant's financial performance exceeds the target levels, the reporting person may receive additional performance-based SARs up to a maximum of an additional 100% of the target level grant of performance-based SARs.