SEC Form 4 · accession 0001209191-15-016147
SPS COMMERCE INC · SPSC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James J. Frome
Officer — EVP & Chief Operating Officer
Period of report
Feb 17, 2015
Accepted (ET)
Feb 19, 2015 · 5:05 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 17, 2015 | M | 8,724 | $12.00 | A | 28,375 | D | |
| Common StockF2 | Feb 17, 2015 | S | 7,224 | $67.6732 | D | 21,151 | D | |
| Common StockF3 | Feb 17, 2015 | S | 1,500 | $68.25 | D | 19,651 | D | |
| Common StockF4 | Feb 17, 2015 | S | 4,374 | $67.8663 | D | 15,277 | D | |
| Common Stock | Feb 18, 2015 | M | 4,487 | $12.00 | D | 19,764 | D | |
| Common StockF5 | Feb 18, 2015 | S | 4,487 | $67.7926 | D | 15,277 | 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)F6 | $12.00 | Feb 17, 2015 | M | 8,724 | D | — | Apr 26, 2020 | Common Stock | 8,724 | 7,346 | D |
| Employee Stock Option (right to buy)F6 | $12.00 | Feb 18, 2015 | M | 4,487 | D | — | Apr 26, 2020 | Common Stock | 4,487 | 2,859 | D |
Explanation of responses
- F1Sales effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 3, 2014.
- F2Reflects the weighted average price of 7,224 shares of common stock of SPS Commerce, Inc. sold by the reporting person in multiple transactions on February 17, 2015 with sale prices ranging from $67.01 to $68.00 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 sold at each separate price
- F3Reflects the weighted average price of 1,500 shares of Common Stock of the SPS Commerce, Inc. sold by the reporting person in multiple transactions on February 17, 2015 with sales prices ranging from $68.08 to $68.39 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.
- F4Reflects the weighted average price of 4,374 shares of Common Stock of the SPS Commerce, Inc. sold by the reporting person in multiple transactions on February 17, 2015 with sales prices ranging from $67.65 to $68.00 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.
- F5Reflects the weighted average price of 4,487 shares of Common Stock of the SPS Commerce, Inc. sold by the reporting person in multiple transactions on February 18, 2015 with sales prices ranging from $67.31 to $68.16 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.
- F6Fully-vested.