XNYS:AAP Advance Auto Parts Inc Insider Activity 4 Filing - 3/1/2012

Effective Date 3/1/2012

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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 OF SECURITIES

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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(Print or Type Responses)
1. Name and Address of Reporting Person *
Tyson Charles E
  2. Issuer Name and Ticker or Trading Symbol
ADVANCE AUTO PARTS INC [AAP]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
SVP, Merchandising
(Last)
(First)
(Middle)
ADVANCE AUTO PARTS, INC., 5008 AIRPORT RD
3. Date of Earliest Transaction (Month/Day/Year)
03/01/2012
(Street)

ROANOKE, VA 24012
4. If Amendment, Date Original Filed (Month/Day/Year)
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 (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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 03/01/2012   A   3,244(1) A (1) 7,878 D  
Common Stock 03/01/2012   F   1,021(2) D $85.98 6,857 D  
Common Stock 03/02/2012   M   27,000 A $25.81 33,857 D  
Common Stock 03/02/2012   F   15,231(4) D $86.48 18,626 D  
Common Stock 03/02/2012   S   14,169 D $86.38(3) 4,457 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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
(Month/Day/Year)
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
Stock Appreciation Right $25.81 03/01/2012   A   32,972(1)   03/01/2012 11/17/2015 Common Stock 32,972 $ 0 32,972 D  
Stock Appreciation Right $25.81 03/02/2012   M   27,000   03/01/2012 11/17/2015 Common Stock 27,000 $ 0 5,972 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Tyson Charles E
ADVANCE AUTO PARTS, INC.
5008 AIRPORT RD
ROANOKE, VA 24012
      SVP, Merchandising  

Signatures

 /s/ Rachel E. Geiersbach, as Attorney-in-Fact for Charles E. Tyson   03/05/2012
** Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) As previously reported, on November 17, 2008, the reporting person received an equity award, a portion of which was subject to the registrant achieving certain pre-determined financial performance targets, subject to certification by the registrant's Compensation Committee.? Effective March 1, 2012 it was determined that these performance conditions had been achieved at the maximum level.?The reported amount of common stock and stock appreciation rights (SARs) are fully vested and collectively, represent the maximum vesting level under this award.
(2) Represents shares withheld to satisfy a tax withholding obligation upon the vesting of restricted stock.
(3) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $86.25 to $86.64. 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.
(4) Represents shares withheld to satisfy exercise price and tax withholding obligations upon the exercise of SARs.

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XNYS:AAP Advance Auto Parts Inc Insider Activity 4 Filling

Advance Auto Parts Inc XNYS:AAP Stock - Get Insider Activity SEC Filing of Advance Auto Parts Inc XNYS:AAP stocks, including company profile, shares outstanding, strategy, business segments, operations, officers, consolidated financial statements, financial notes and ownership information.

XNYS:AAP Advance Auto Parts Inc Insider Activity 4 Filing - 3/1/2012
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