4//SEC Filing
ADVANCE AUTO PARTS INC 4
Accession 0001158449-14-000044
$AAPCIK 0001158449operating
Filed
Feb 11, 7:00 PM ET
Accepted
Feb 12, 4:38 PM ET
Size
7.6 KB
Accession
0001158449-14-000044
Insider Transaction Report
Form 4
Norona Michael A
EVP, Chief Financial Officer
Transactions
- Award
Common Stock
2014-02-10$123.32/sh−203$25,034→ 86,060 total - Sale
Common Stock
2014-02-11$125.00/sh−35,000$4,375,000→ 51,060 total
Footnotes (3)
- [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 equal portions of a target equity award based on the grant date fair value. 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.
- [F2]Consistent with Mr. Norona's regular diversification practice. Following this transaction, Mr. Norona retains a substantial ownership commitment in beneficially owned stock and vested employee SARs, and he continues to more than satisfy the Company's stock ownership guidelines for executive officers.
- [F3]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $125.00 to $125.17. The Reporting Person has provided to the Issuer, and undertakes to provide to any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Documents
Issuer
ADVANCE AUTO PARTS INC
CIK 0001158449
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001158449
Filing Metadata
- Form type
- 4
- Filed
- Feb 11, 7:00 PM ET
- Accepted
- Feb 12, 4:38 PM ET
- Size
- 7.6 KB