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Filing Details

Accession Number:: 0001567619-19-017731
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2019-08-30 16:49:49
Reporting Period:: 2019-08-28

Accepted Time:: 2019-08-30 16:49:49
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1378950	U.s. Auto Parts Network Inc.	PRTS	Retail-Auto & Home Supply Stores (5531)	680623433

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1681614	Kanen Wealth Management Llc	5850 Coral Ridge Drive Suite 309 Coral Springs FL 33076	No	No	Yes	No
1681743	David Kanen	5850 Coral Ridge Drive Suite 309 Coral Springs FL 33076	Yes	No	Yes	No
1688522	Philotimo Fund, Lp	5850 Coral Ridge Drive, Suite 309 Coral Springs FL 33076	No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2019-08-28	10,305	$1.25	2,850,086	No	4	P	Indirect	Kanen Wealth Management LLC
Common Stock	Acquisiton	2019-08-28	28,659	$1.27	1,634,587	No	4	P	Indirect	The Philotimo Fund
Common Stock	Acquisiton	2019-08-29	294,036	$1.32	1,928,623	No	4	P	Indirect	The Philotimo Fund

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	Kanen Wealth Management LLC
No	4	P	Indirect	The Philotimo Fund
No	4	P	Indirect	The Philotimo Fund

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	173,514	Direct

Footnotes

This Form 4 is filed jointly by David Kanen, Kanen Wealth Management, LLC ("KWM") and the Philotimo Fund, LP (collectively, the "Reporting Persons"). Each of the Reporting Persons may be deemed to be a member of a group that may be deemed to collectively beneficially own more than 10% of the Issuer's outstanding shares of Common Stock. The filing of this Form 4 shall not be deemed an admission that the Reporting Persons are, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, the beneficial owners of any securities of the Issuer he or it does not directly own.
Mr. Kanen beneficially owns, pursuant to the beneficial ownership rules of Section 13(d) of the Securities Exchange Act of 1934, as amended, the shares of Common Stock listed in Column 4 of this Form 4, which represent approximately 14% of the Issuer's outstanding shares of Common Stock. Pursuant to such beneficial ownership rules, Mr. Kanen, as the managing member of KWM, may be deemed to beneficially own the shares of Common Stock held in customer accounts managed by KWM as disclosed in this Form 4 (including the 173,514 shares held in Mr. Kanen's account) and the 1,928,623 shares of Common Stock held by The Philotimo Fund LLC, of which KWM is the general partner. Mr. Kanen expressly disclaims such beneficial ownership except to the extent of his pecuniary interest therein. Mr. Kanen does not have a pecuniary interest under Section 16 of the Exchange Act in the shares of Common Stock held in customer accounts managed by KWM other than the 173,514 shares held in Mr. Kanen's Account.
On August 28, 2019, KWM purchased shares of Common Stock for managed client accounts. The price reported in Column 4 is a weighted average price. The Reporting Persons undertakes to provide to the Issuer, 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.
KWM does not have a pecuniary interest in the shares of Common Stock held in customer accounts managed by KWM. The number reflected above excludes 173,514 shares held in Mr. Kanen's account as described in footnote 2 above.