SEC Form 4 · accession 0001209191-15-077888
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
Oct 29, 2015
Accepted (ET)
Nov 2, 2015 · 6:16 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 | Oct 29, 2015 | M | 2,606 | $16.64 | A | 17,883 | D | |
| Common Stock | Oct 29, 2015 | S | 2,606 | $71.6756 | D | 15,277 | D | |
| Common Stock | Oct 30, 2015 | M | 5,250 | $16.64 | A | 20,527 | D | |
| Common Stock | Oct 30, 2015 | S | 5,250 | $71.7912 | D | 15,277 | D | |
| Common Stock | Nov 2, 2015 | M | 11,174 | $16.64 | A | 26,451 | D | |
| Common Stock | Nov 2, 2015 | S | 11,174 | $72.7358 | 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)F2 | $16.64 | Oct 29, 2015 | M | 2,606 | D | — | Feb 10, 2021 | Common Stock | 2,606 | 23,584 | D |
| Employee Stock Option (right to buy)F2 | $16.64 | Oct 30, 2015 | M | 5,250 | D | — | Feb 10, 2021 | Common Stock | 5,250 | 18,334 | 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.
- F2This Option vests as to 25% of the shares on the one year anniversary of grant with the remaining shares vesting in a series of 36 successive equal monthly installments upon completion of each additional month of service (commencing March 11, 2012).