Home > Insider Trading > Filing (0001209191-21-015872)

Filing Details

Accession Number:: 0001209191-21-015872
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-03-02 16:13:22
Reporting Period:: 2021-02-26

Accepted Time:: 2021-03-02 16:13:22
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

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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	2021-02-26	6,124	$27.85	67,023	No	4	M	Direct
Common Stock	Acquisiton	2021-02-26	10,056	$54.54	77,079	No	4	M	Direct
Common Stock	Acquisiton	2021-02-26	28,290	$27.37	105,369	No	4	M	Direct
Common Stock	Disposition	2021-02-26	2,400	$99.58	102,969	No	4	S	Direct
Common Stock	Disposition	2021-02-26	38,771	$101.10	64,198	No	4	S	Direct
Common Stock	Disposition	2021-02-26	15,066	$101.90	49,132	No	4	S	Direct
Common Stock	Disposition	2021-02-26	2,632	$103.18	46,500	No	4	S	Direct
Common Stock	Disposition	2021-02-26	802	$103.71	45,698	No	4	S	Direct
Common Stock	Disposition	2021-03-01	500	$100.57	45,198	No	4	S	Direct
Common Stock	Disposition	2021-03-01	933	$101.70	44,265	No	4	S	Direct
Common Stock	Disposition	2021-03-01	3,979	$102.62	40,286	No	4	S	Direct
Common Stock	Disposition	2021-03-01	1,323	$103.34	38,963	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	M	Direct
No	4	M	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	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	2021-02-26	6,124	$0.00	6,124	$27.85
Common Stock	Employee Stock Option (right to buy)	Disposition	2021-02-26	10,056	$0.00	10,056	$54.54
Common Stock	Employee Stock Option (right to buy)	Disposition	2021-02-26	28,290	$0.00	28,290	$27.37

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2024-02-14	No	4	M	Direct
10,058	2026-02-19	No	4	M	Direct
9,432	2025-02-13	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	336	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 December 11, 2020.
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 10,057 shares of Common Stock held by the reporting person on August 22, 2019 became an option for 20,114 shares of Common Stock.
This option was previously reported as an option for 10,057 shares of Common stock at an exercise price of $109.07 per share, but was adjusted to reflect the stock dividend declared by the Issuer on July 25, 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 18,861 shares of Common Stock held by the reporting person on August 22, 2019 became an option for 37,722 shares of Common Stock.
This option was previously reported as an option for 18,861 shares of Common stock at an exercise price of $54.68 per share, but was adjusted to reflect the stock dividend declared by the Issuer on July 25, 2019.
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 26, 2021 with sales prices ranging from $99.5800 to $99.5814 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 38,771 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 26, 2021 with sales prices ranging from $100.62 to $101.61 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 15,066 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 26, 2021 with sales prices ranging from $101.62 to $102.45 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 2,632 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 26, 2021 with sales prices ranging from $102.68 to $103.61 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 802 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 26, 2021 with sales prices ranging from $103.68 to $103.94 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 500 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on March 1, 2021 with sales prices ranging from $100.11 to $101.08 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 933 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on March 1, 2021 with sales prices ranging from $101.13 to $102.09 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 3,979 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on March 1, 2021 with sales prices ranging from $102.17 to $103.11 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 1,323 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on March 1, 2021 with sales prices ranging from $103.19 to $103.39 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.
Fully vested.
Options vest as to 25% of the shares on February 19, 2020. The remaining shares vest in a series of 36 successive equal monthly installments upon completion of each additional month of service (commencing on March 19, 2020).
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).