Filing Details
- Accession Number:
- 0001209191-18-010919
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2018-02-16 17:05:19
- Reporting Period:
- 2018-02-12
- Accepted Time:
- 2018-02-16 17:05:19
- 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 |
|---|---|---|---|---|---|---|---|
| 1489265 | J. James Frome | 333 South Seventh Street Suite 1000 Minneapolis MN 55402 | Evp & Chief Operating Officer | No | Yes | 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 | Disposition | 2018-02-12 | 4,100 | $53.85 | 20,068 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2018-02-12 | 4,257 | $54.37 | 15,811 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2018-02-13 | 12,801 | $0.00 | 28,612 | No | 4 | A | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | A | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Employee Stock Option (right to buy) | Acquisiton | 2018-02-13 | 18,861 | $0.00 | 18,861 | $54.68 |
| Common Stock | Performance Rights | Acquisiton | 2018-02-13 | 12,801 | $0.00 | 12,801 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 18,861 | 2025-02-13 | No | 4 | A | Direct | |
| 12,801 | 2021-03-15 | No | 4 | A | Direct |
Footnotes
- The sales reported in this Form 4 were effected pursuant to a Rule 10b-5 trading plan adopted by the reporting person on August 31, 2017.
- Reflects the weighted average price of 4,100 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 12, 2018, with sales prices ranging from $53.20 to $54.18 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased or sold at each separate price.
- Reflects the weighted average price of 4,257 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 12, 2018, with sales prices ranging from $54.21 to $54.59 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased or sold at each separate price.
- This reflects a restricted stock unit award. Each restricted stock unit represents a contingent right to receive one share of SPS Commerce, Inc. common stock. RSUs vest as to 25% of the units on February 13, 2019. The remaining units vest in a series of 36 successive equal monthly installments upon completion of each additional month of service (commencing on March 13, 2019).
- Options vest as to 25% of the shares on February 13, 2019. The remaining shares vest in a series of 36 successive equal monthly installments upon completion of each additional month of service (commencing on March 13, 2019).
- Each performance right represents a contingent right to receive one share of common stock. The performance rights vest based upon the issuer's total stockholder return.
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