Home > Insider Trading > Filing (0001209191-10-024418)

Filing Details

Accession Number:: 0001209191-10-024418
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2010-04-29 13:00:00
Reporting Period:: 2010-04-27

Filing Date:: 2010-04-29
Accepted Time:: 2010-04-29 20:12:44
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1092699	Sps Commerce Inc	SPSC	Services-Prepackaged Software (7372)	411593154

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1489317	A. Steve Cobb	C/O Cid Capital 201 West 103Rd Street, Suite 200 Indianapolis IN 46280		Yes	No	Yes	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2010-04-27	349,899	$0.00	363,963	No	4	C	Indirect	By CID Equity Fund V Liquidating Trust
Common Stock	Disposition	2010-04-27	98,668	$11.16	265,295	No	4	S	Indirect	By CID Equity Fund V Liquidating Trust
Common Stock	Acquisiton	2010-04-27	1,575,829	$0.00	1,575,829	No	4	C	Indirect	By CID Mezzanine Capital, L.P.
Common Stock	Disposition	2010-04-27	427,189	$11.16	1,148,640	No	4	S	Indirect	By CID Mezzanine Capital, L.P.

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	C	Indirect	By CID Equity Fund V Liquidating Trust
No	4	S	Indirect	By CID Equity Fund V Liquidating Trust
No	4	C	Indirect	By CID Mezzanine Capital, L.P.
No	4	S	Indirect	By CID Mezzanine Capital, L.P.

Reported Derivative Transactions

Show Other Fields >>

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Series A Convertible Preferred Stock	Disposition	2010-04-27	168,621	$0.00	168,621	$0.00
Common Stock	Series B Convertible Preferred Stock	Disposition	2010-04-27	181,278	$0.00	181,278	$0.00
Common Stock	Series A Convertible Preferred Stock	Disposition	2010-04-27	82,102	$0.00	82,102	$0.00
Common Stock	Series B Convertible Preferred Stock	Disposition	2010-04-27	1,252,962	$0.00	1,252,962	$0.00
Common Stock	Series C Convertible Preferred Stock	Disposition	2010-04-27	240,765	$0.00	240,765	$0.00
Common Stock	Stock Option (Right to Buy)	Acquisiton	2010-04-27	16,020	$0.00	16,020	$12.00

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0		No	4	C	Indirect
0		No	4	C	Indirect
0		No	4	C	Indirect
0		No	4	C	Indirect
0		No	4	C	Indirect
16,020	2020-04-26	No	4	A	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	14,064	Indirect	By CID Equity Fund V Liquidating Trust

Footnotes

Represents securities held directly by CID Equity Fund V Liquidating Trust. CID Equity Partners V is the trustee of the CID Equity Fund V Liquidating Trust and Aplin Partners, LLC is the general partner of CID Equity Partners V. The reporting person is a representative to an advisory board that affects the voting and disposition of the shares. The reporting person may be deemed to be an indirect beneficial owner of the reported securities. The reporting person disclaims any beneficial ownership of the reported securities, except to the extent of any pecuniary interest therein. This report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
The securities converted into the Issuer's Common Stock at a rate of one-for-one.
Represents securities held directly by CID Mezzanine Capital, L.P, which is managed by CID Mezzanine Partners, L.P. The reporting person is a representative to an advisory board that affects the voting and disposition of the shares. The reporting person may be deemed to be an indirect beneficial owner of the reported securities. The reporting person disclaims any beneficial ownership of the reported securities, except to the extent of any pecuniary interest therein. This report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
The securities do not have an expiration date. Each share of Series A, Series B and Series C Convertible Preferred Stock automatically converted into shares of Common Stock in connection with the closing of the Issuer's initial public offering on April 27, 2010. Prior to its conversion into the Issuer's Common Stock, the Series A, Series B and Series C Convertible Preferred Stock was convertible at any time at the option of the holder.
This Option vests as to 1/36th of the Shares subject to this Option upon completion of each additional month of service commencing on May 27, 2010.
The reporting person holds this Option for the sole benefit of CID Capital, Inc.