SEC Form 4 · accession 0001209191-15-011420
SPS COMMERCE INC · SPSC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Archie C. Black
Officer — President & CEO · Director
Period of report
Feb 6, 2015
Accepted (ET)
Feb 10, 2015 · 4:52 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001092699
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 6, 2015 | M | 5,000 | $12.00 | A | 39,019 | D | |
| Common Stock | Feb 6, 2015 | S | 5,000 | $65.00 | D | 34,019 | D | |
| Common StockF2 | Feb 9, 2015 | A | 9,798 | $0.00 | A | 43,817 | D | |
| Common Stock | holding | — | — | — | 200 | I | By Son-I | |
| Common Stock | holding | — | — | — | 200 | I | By Son-II | |
| Common Stock | holding | — | — | — | 200 | I | By Son-III | |
| Common Stock | holding | — | — | — | 200 | I | By Son-IV |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F3 | $12.00 | Feb 6, 2015 | M | 5,000 | D | — | Apr 26, 2020 | Common Stock | 5,000 | 95,150 | D |
| Employee Stock Option (right to buy)F4 | $67.10 | Feb 9, 2015 | A | 28,249 | A | — | Feb 9, 2022 | Common Stock | 28,249 | 28,249 | D |
Explanation of responses
- F1The sales reported in this Form 4 were effected pursuant to a Rule 10b-5 trading plan adopted by the reporting person on December 12, 2013.
- F2This 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 9, 2016. The remaining units vest in a series of 36 successive equal monthly installments upon completion of each additional month of service (commencing on the March 9, 2016).
- F3Fully vested.
- F4Options vest as to 25% of the shares on February 9, 2016. The remaining shares vest in a series of 36 successive equal monthly installments upon completion of each additional month of service (commencing on March 9, 2016).