Sec Form 13D Filing - Nia Mehran filing for CarParts.com Inc. (PRTS) - 2020-08-26

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 7)*

Mehran Nia

11676 Terryhill Place

Los Angeles, CA 90049

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ☐

* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

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1	NAMES OF REPORTING PERSONS
	Mehran Nia
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP			(a)	☐
				(b)	☒
3	SEC USE ONLY
4	SOURCE OF FUNDS (SEE INSTRUCTIONS)
	N/A
5	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)				☐
6	CITIZENSHIP OR PLACE OF ORGANIZATION
	United States
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7	SOLE VOTING POWER
			38,764(1)
		8	SHARED VOTING POWER
			2,474,778(1)
		9	SOLE DISPOSITIVE POWER
			38,764(1)
		10	SHARED DISPOSITIVE POWER
			2,474,778(1)
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	2,513,542(1)
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)				☐
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
	5.31%(2)
14	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
	IN

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This Amendment No. 7 amends (a) the Schedule 13D filed on December 3, 2008 (the “Initial Schedule 13D”) by Mehran Nia, Fariba Nia (the “Reporting Person”) relating to the common stock, par value $0.001 per share (the “Common Stock”) of CarParts.com, Inc., a Delaware corporation (the “Issuer”), (b) Amendment No. 1 to the Initial Schedule 13D, filed by the Reporting Person on October 7, 2009, (c) Amendment No. 2 to the Initial Schedule 13D, filed by the Reporting Person on October 14, 2009, (d) Amendment No. 3 to the Initial Schedule 13D, filed by the Reporting Person on July 31, 2014 and (e) Amendment No. 4 to the Initial Schedule 13D, filed by the Reporting Person on May 5, 2015, (f) Amendment No. 5 to the Initial Schedule 13D, filed by the Reporting Person on June 12, 2018 and (g) Amendment No. 6 to the Initial Schedule 13D filed by the Reporting Person on June 19, 2020 (collectively, the “Previous Amendments”).  Except as set forth below, all Items of the Initial Schedule 13D, as amended by the Previous Amendments, remain unchanged. All capitalized terms not otherwise defined herein shall have the meanings ascribed to such terms in the Initial Schedule 13D or the Previous Amendments, as applicable.

Item 4.

Purpose of Transaction.

Item 4 is hereby amended by adding the following paragraphs:

On August 18, 2020, the Reporting Person sold 2,000,000 shares of the Company’s Common Stock held by the Living Trust (the “Shares”) in connection with Mehran Nia’s divorce settlement. The Shares were sold pursuant to an underwriting agreement among the Company, Mehran Nia and RBC Capital Markets, LLC, as representative of the several underwriters listed therein. In addition, pursuant to a divorce settlement between Mehran Nia and Fariba Nia, the Living Trust subsequently distributed 500,000 shares of the Company’s Common Stock to Fariba Nia.

Item 5.

Interest in Securities of the Issuer.

The aggregate percentage reported by each Reporting Person is based upon 42,411,000 shares of Common Stock outstanding as of June 27, 2020, as reported in CarParts.com, Inc.’s Prospectus Supplement filed pursuant to Rule 424(b)(5) on August 17, 2020.

(a) The Reporting Person beneficially owned the following shares of the Issuer’s Common Stock:

(b) (i)  Sole power to vote or to direct the vote:

(ii)  Shared power to vote or to direct the vote:

(iii) Sole power to dispose or to direct the disposition of:

(iv) Shared power to dispose or to direct the disposition of:

(c) On August 18, 2020, the Reporting Person sold 2,000,000 shares of the Company’s Common Stock held by the Living Trust (the “Shares”) in connection with Mehran Nia’s divorce settlement. The Shares were sold pursuant to an underwriting agreement among the Company, Mehran Nia and RBC Capital Markets, LLC, as representative of the several underwriters listed therein. The Shares were sold at a price of $13.00. In addition, pursuant to a divorce settlement between Mehran Nia and Fariba Nia, the Living Trust subsequently distributed 500,000 shares of the Company’s Comm on Stock to Fariba Nia.

SIGNATURES

After reasonable inquiry and to the best of our knowledge and belief, we certify that the information set forth in this statement is true, complete and correct.

Dated: August 26, 2020

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