Home > Insider Trading > Filing (0001209191-11-007249)

Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
828750	Gsi Commerce Inc	GSIC	Retail-Catalog & Mail-Order Houses (5961)	042958132

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1123356	Michael Rubin	Gsi Commerce, Inc. 935 First Avenue King Of Prussia PA 19406	Ceo And President	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	2011-02-02	30,300	$0.00	2,327,539	No	4	M	Direct
Common Stock	Disposition	2011-02-03	12,249	$21.99	2,315,290	No	4	S	Direct

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

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Performance Unit	Disposition	2011-02-02	30,300	$0.00	30,300	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0			No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	2,000,000	Indirect	By grantor retained annuity trust

Footnotes

The filing of this Statement shall not be construed as an admission (a) that the person filing this Statement is, for the purposes of Section 16 of the Securities Exchange Act of 1934, as amended, the beneficial owner of any equity securities covered by this Statement, or (b) that this Statement is legally required to be filed by such person.
This sale is pursuant to an election previously made by the officer to sell shares when necessary to cover tax withholding upon vesting of restricted stock units granted by the issuer.
This amount represents the average weighted price of shares sold. The highest price at which shares were sold was $22.08 and the lowest price at which shares were sold was $21.93. Full information regarding the number of shares sold at each separate price will be provided to the SEC upon its request.
The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
The Performance Units were not assigned an exercise price.
This Performance Restricted Stock Unit was granted on March 4, 2008 and earned on April 3, 2009 when the performance targets were certified. The Performance Unit vested 50% on April 3, 2010 and 50% on February 2, 2011. Vested Performance Units result in delivery of the underlying shares of common stock. Performance Units have no expiration dates.