Filing Details

Accession Number:
0001209191-20-011741
Form Type:
4
Zero Holdings:
No
Publication Time:
2020-02-21 18:50:51
Reporting Period:
2020-02-19
Accepted Time:
2020-02-21 18:50:51
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
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2020-02-19 22,608 $27.85 159,296 No 4 M Direct
Common Stock Disposition 2020-02-19 20,208 $59.53 139,088 No 4 S Direct
Common Stock Disposition 2020-02-19 2,400 $60.37 136,688 No 4 S Direct
Common Stock Acquisiton 2020-02-20 5,026 $27.85 141,714 No 4 M Direct
Common Stock Disposition 2020-02-20 28,992 $57.02 112,722 No 4 S Direct
Common Stock Disposition 2020-02-20 14,138 $57.80 98,584 No 4 S Direct
Common Stock Disposition 2020-02-20 5,026 $59.16 93,558 No 4 S Direct
Common Stock Acquisiton 2020-02-21 26,951 $0.00 120,509 No 4 A Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
No 4 S Direct
No 4 M Direct
No 4 S Direct
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) Disposition 2020-02-19 22,608 $0.00 22,608 $27.85
Common Stock Employee Stock Option (right to buy) Disposition 2020-02-20 5,026 $0.00 5,026 $27.85
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
56,078 2024-02-14 No 4 M Direct
51,052 2024-02-14 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 239 Indirect By 401(k) Plan
Footnotes
  1. Stock option exercise and sales effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 6, 2019.
  2. 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 pursuant to anti-dilution provisions of the Issuer's 2010 Equity Incentive Plan, an option for 39,343 shares of Common Stock held by the reporting person on August 22, 2019 became an option for 78,686 shares of Common Stock.
  3. This option was previously reported as an option for 39,343 shares of Common stock at an exercise price of $55.70 per share, but was adjusted to reflect the stock dividend declared by the Issuer on July 25, 2019.
  4. Reflects the weighted average price of 20,208 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 19, 2020 with sales prices ranging from $59.10 to $60.09 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.
  5. Reflects the weighted average price of 2,400 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 19, 2020 with sales prices ranging from $60.17 to $60.75 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.
  6. Reflects the weighted average price of 28,992 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 20, 2020 with sales prices ranging from $56.68 to $57.66 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.
  7. Reflects the weighted average price of 14,138 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 20, 2020 with sales prices ranging from $57.68 to $58.13 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.
  8. Reflects the weighted average price of 5,026 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 20, 2020 with sales prices ranging from $59.03 to $59.64 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.
  9. 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 21, 2021. The remaining units vest in a series of 36 successive equal monthly installments upon completion of each additional month of service (commencing on March 21, 2021).
  10. Options vest as to 25% of the shares on February 14, 2018. The remaining shares vest in a series of 36 successive equal monthly installments upon completion of each additional month of service (commencing on March 14, 2018).