SEC Form 4 · accession 0001209191-15-011436
SPS COMMERCE INC · SPSC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kimberly K. Nelson
Officer — EVP & CFO
Period of report
Feb 6, 2015
Accepted (ET)
Feb 10, 2015 · 4:56 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 | 10,000 | $3.0337 | A | 26,837 | D | |
| Common Stock | Feb 6, 2015 | S | 10,000 | $66.00 | D | 16,837 | D | |
| Common StockF2 | Feb 9, 2015 | A | 6,691 | $0.00 | A | 23,528 | D |
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 | $3.0337 | Feb 6, 2015 | M | 10,000 | D | — | Nov 27, 2017 | Common Stock | 10,000 | 33,494 | D |
| Employee Stock Option (right to buy)F4 | $67.10 | Feb 9, 2015 | A | 19,291 | A | — | Feb 9, 2022 | Common Stock | 19,291 | 19,291 | 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 May 5, 2014.
- 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).