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Filing Details

Accession Number:: 0001209191-19-058371
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2019-11-27 18:38:53
Reporting Period:: 2019-11-25

Accepted Time:: 2019-11-27 18:38:53
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
1489095	C. Archie Black	333 South Seventh Street Suite 1000 Minneapolis MN 55402	Ceo	Yes	Yes	No	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
Common Stock	Acquisiton	2019-11-25	15,637	$24.04	152,325	No	4	M	Direct
Common Stock	Disposition	2019-11-25	15,637	$57.61	136,688	No	4	S	Direct
Common Stock	Acquisiton	2019-11-26	2,943	$24.04	139,631	No	4	M	Direct
Common Stock	Disposition	2019-11-26	2,943	$57.77	136,688	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Employee Stock Option (right to buy)	Disposition	2019-11-25	15,637	$0.00	15,637	$24.04
Common Stock	Employee Stock Option (right to buy)	Disposition	2019-11-26	2,943	$0.00	2,943	$24.04

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
79,686		2023-02-04	No	4	M	Direct
76,743		2023-02-04	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	400	Indirect	By Son-I
Common Stock	400	Indirect	By Son-II
Common Stock	400	Indirect	By Son-III
Common Stock	400	Indirect	By Son-IV
Common Stock	219	Indirect	By 401(k) Plan

Footnotes

Stock option exercise and sales effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 12, 2019.
On July 25, 2019, the Issuer announced that its board of directors declared a two-for-one stock split of the Common Stock of the Issuer, effected in the form of a 100 percent stock dividend as of the record date on August 8, 2019. The stock split dividend was distributed on August 22, 2019, and at that time the reporting person received 68,343.9978 shares of Common Stock of the Issuer. At the same time, pursuant to anti-dilution provisions of the Issuer's 2010 Equity Incentive Plan, an option for 76,190 shares of Common Stock held by the reporting person on August 22, 2019 became an option for 152,380 shares of Common Stock.
This option was previously reported as an option for 76,190 shares of Common stock at an exercise price of $48.08 per share, but was adjusted to reflect the stock dividend declared by the Issuer on July 25, 2019.
Reflects the weighted average price of 15,637 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on November 25, 2019 with sales prices ranging from $57.50 to $57.78 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 2,943 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on November 25, 2019 with sales prices ranging from $57.53 to $58.16 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.
Options vest as to 25% of the shares on February 5, 2017. The remaining shares vest in a series of 36 successive equal monthly installments upon completion of each additional month of service (commencing on March 5, 2017).