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
- Stock option exercise and sales effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 6, 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 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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).
- 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).