Filing Details

Accession Number:
0000921895-16-004843
Form Type:
4
Zero Holdings:
No
Publication Time:
2016-06-03 21:46:15
Reporting Period:
2016-06-01
Filing Date:
2016-06-03
Accepted Time:
2016-06-03 21:46:15
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1158449 Advance Auto Parts Inc AAP Retail-Auto & Home Supply Stores (5531) 542049910
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1362697 C Jeffrey Smith 777 Third Avenue, 18Th Floor
New York NY 10017
Yes No No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock, $0.0001 Par Value Acquisiton 2016-06-01 43,940 $152.88 753,485 No 4 P Indirect By Starboard Value and Opportunity Master Fund Ltd
Common Stock, $0.0001 Par Value Acquisiton 2016-06-01 56,060 $152.88 804,495 No 4 P Indirect By Starboard Leaders India LLC
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect By Starboard Value and Opportunity Master Fund Ltd
No 4 P Indirect By Starboard Leaders India LLC
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock, $0.0001 Par Value Cash-Settled Total Return Swap Disposition 2016-06-01 43,940 $0.00 14,020 $172.39
Common Stock, $0.0001 Par Value Cash-Settled Total Return Swap Disposition 2016-06-01 56,060 $0.00 11,680 $185.11
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
1 2016-09-15 Yes 4 S Indirect
1 2016-09-22 Yes 4 S Indirect
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock, $0.0001 Par Value 1,271 Direct
Common Stock, $0.0001 Par Value 115,900 Indirect By Starboard Value and Opportunity S LLC
Common Stock, $0.0001 Par Value 63,549 Indirect By Starboard Value and Opportunity C LP
Common Stock, $0.0001 Par Value 281,794 Indirect By Starboard T Fund LP
Common Stock, $0.0001 Par Value 186,206 Indirect By Starboard Leaders Select I LP
Common Stock, $0.0001 Par Value 151,947 Indirect By Managed Account of Starboard Value LP
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock, $0.0001 Par Value Cash-Settled Total Return Swap $172.83 2016-10-06 31,480 1 Indirect
Common Stock, $0.0001 Par Value Cash-Settled Total Return Swap $170.45 2016-09-15 18,000 1 Indirect
Common Stock, $0.0001 Par Value Cash-Settled Total Return Swap $170.77 2016-09-15 50,324 1 Indirect
Common Stock, $0.0001 Par Value Cash-Settled Total Return Swap $170.98 2016-09-29 18,000 1 Indirect
Common Stock, $0.0001 Par Value Cash-Settled Total Return Swap $171.81 2016-10-07 18,300 1 Indirect
Common Stock, $0.0001 Par Value Cash-Settled Total Return Swap $171.94 2016-11-02 15,171 1 Indirect
Common Stock, $0.0001 Par Value Cash-Settled Total Return Swap $171.11 2016-11-03 9,423 1 Indirect
Common Stock, $0.0001 Par Value Cash-Settled Total Return Swap $185.62 2016-09-22 120,820 1 Indirect
Common Stock, $0.0001 Par Value Cash-Settled Total Return Swap $175.34 2016-10-13 25,000 1 Indirect
Common Stock, $0.0001 Par Value Cash-Settled Total Return Swap $171.94 2016-11-02 24,829 1 Indirect
Common Stock, $0.0001 Par Value Cash-Settled Total Return Swap $171.11 2016-11-03 40,577 1 Indirect
Expiration Date Amount Remaning Holdings Nature of Ownership
2016-10-06 31,480 1 Indirect
2016-09-15 18,000 1 Indirect
2016-09-15 50,324 1 Indirect
2016-09-29 18,000 1 Indirect
2016-10-07 18,300 1 Indirect
2016-11-02 15,171 1 Indirect
2016-11-03 9,423 1 Indirect
2016-09-22 120,820 1 Indirect
2016-10-13 25,000 1 Indirect
2016-11-02 24,829 1 Indirect
2016-11-03 40,577 1 Indirect
Footnotes
  1. Securities owned directly by Starboard Value and Opportunity Master Fund Ltd ("Starboard V&O Fund"). The Reporting Person, solely by virtue of his position as a member of the Management Committee of Starboard Value GP LLC ("Starboard Value GP"), the general partner of the investment manager of Starboard V&O Fund, and as a member and member of the Management Committee of Starboard Principal Co GP LLC ("Principal GP"), the general partner of the member of Starboard Value GP, may be deemed to beneficially own the securities directly held by Starboard V&O Fund for purposes of Section 16 of the Securities Exchange Act of 1934, as amended ("Section 16"). The Reporting Person expressly disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
  2. Securities owned directly by Starboard Value and Opportunity S LLC ("Starboard S LLC"). The Reporting Person, solely by virtue of his position as a member of the Management Committee of Starboard Value GP, the general partner of the manager of Starboard S LLC, and as a member and member of the Management Committee of Principal GP, the general partner of the member of Starboard Value GP, may be deemed to beneficially own the securities directly held by Starboard S LLC for purposes of Section 16. The Reporting Person expressly disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
  3. Securities owned directly by Starboard Value and Opportunity C LP ("Starboard C LP"). The Reporting Person, solely by virtue of his position as a member of the Management Committee of Starboard Value GP, the general partner of the investment manager of Starboard C LP, and as a member and member of the Management Committee of Principal GP, the general partner of the member of Starboard Value GP, may be deemed to beneficially own the securities directly held by Starboard C LP for purposes of Section 16. The Reporting Person expressly disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
  4. Securities owned directly by Starboard T Fund LP ("Starboard T LP"). The Reporting Person, solely by virtue of his position as a member of the Management Committee of Starboard Value GP, the general partner of the investment manager of Starboard T LP, and as a member and member of the Management Committee of Principal GP, the general partner of the member of Starboard Value GP, may be deemed to beneficially own the securities directly held by Starboard T LP for purposes of Section 16. The Reporting Person expressly disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
  5. Securities owned directly by Starboard Leaders Select I LP ("Starboard Leaders Select I"). The Reporting Person, solely by virtue of his position as a member of the Management Committee of Starboard Value GP, the general partner of the investment manager of Starboard Leaders Select I, and as a member and member of the Management Committee of Principal GP, the general partner of the member of Starboard Value GP, may be deemed to beneficially own the securities directly held by Starboard Leaders Select I for purposes of Section 16. The Reporting Person expressly disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
  6. Securities owned directly by Starboard Leaders India LLC ("Starboard India LLC"). The Reporting Person, solely by virtue of his position as a member of the Management Committee of Starboard Value GP, the general partner of the investment manager of Starboard India LLC, and as a member and member of the Management Committee of Principal GP, the general partner of the member of Starboard Value GP, may be deemed to beneficially own the securities owned directly by Starboard India LLC for purposes of Section 16. The Reporting Person expressly disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
  7. Securities held in an account managed by Starboard Value LP (the "Managed Account"). The Reporting Person, solely by virtue of his position as a member of the Management Committee of Starboard Value GP, the general partner of Starboard Value LP, and as a member and member of the Management Committee of Principal GP, the general partner of the member of Starboard Value GP, may be deemed to beneficially own the securities held in the Managed Account for purposes of Section 16. The Reporting Person expressly disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
  8. Represents the reference price associated with the applicable Swap Agreement.
  9. Each of Starboard V&O Fund and Starboard India LLC has entered into certain cash-settled total return swap agreements (the "Swap Agreements") with an unaffiliated third party financial institution, which provide each of Starboard V&O Fund and Starboard India LLC with economic exposure to an aggregate of 174,718 notional shares and 222,906 notional shares, respectively. The Swap Agreements provide each of Starboard V&O Fund and Starboard India LLC with economic results that are comparable to the economic results of ownership but do not provide each of Starboard V&O Fund and Starboard India LLC with the power to vote or direct the voting or dispose of or direct the disposition of the shares of common stock that are the subject of the Swap Agreements (the "Subject Shares"). The Reporting Person expressly disclaims beneficial ownership of the Subject Shares except to the extent of his pecuniary interest therein.