Sec Form 4 Filing - SELWYN JOFFE @ MOTORCAR PARTS AMERICA INC - 2021-06-18

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FORM 4
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
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
SELWYN JOFFE
2. Issuer Name and Ticker or Trading Symbol
MOTORCAR PARTS AMERICA INC [ MPAA]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
President, CEO & Chairman
(Last) (First) (Middle)
2929 CALIFORNIA STREET
3. Date of Earliest Transaction (MM/DD/YY)
06/18/2021
(Street)
TORRANCE, CA90503
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 06/18/2021 M 11,033 A $ 0 239,900 D
Common Stock 06/18/2021 F 5,666 D $ 22.27 234,234 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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
Performance Based Restricted Stock ( 1 ) 06/18/2021 M 99,082 ( 2 ) ( 2 ) Common Stock 99,082 $ 0 99,082 D
Restricted Stock Unit ( 3 ) 06/18/2021 M 11,033 ( 4 ) ( 4 ) Common Stock 11,033 $ 0 79,825 D
Restricted Stock Unit ( 3 ) 06/18/2021 A 20,050 ( 5 ) ( 5 ) Common Stock 20,050 $ 0 99,875 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
SELWYN JOFFE
2929 CALIFORNIA STREET
TORRANCE, CA90503
X President, CEO & Chairman
Signatures
/s/ Selwyn Joffe 06/22/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Each Performance Based Restricted Stock represents a contingent right to receive a share of MPAA common stock.
( 2 )Performance Based Restricted Stock was granted on September 2, 2020, the Board determined the Performance Based Restricted Stock vest at 99.082% on June 18, 2021 and the shares will be paid out on September 2, 2021.
( 3 )Each restricted stock unit represents a contingent right to receive one share of MPAA common stock.
( 4 )Vesting 1/3 each year for 3 years from grant date. beginning on 18-Jun-2018
( 5 )Vesting 1/3 each year for 3 years from grant date. beginning on 18-Jun-2021

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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