SEC Form 4 · accession 0001209191-16-091245
SPS COMMERCE INC · SPSC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Archie C. Black
Officer — CEO · Director
Period of report
Jan 11, 2016
Accepted (ET)
Jan 13, 2016 · 6:03 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 | Jan 11, 2016 | M | 8,882 | $12.00 | A | 56,324 | D | |
| Common StockF2 | Jan 11, 2016 | S | 6,245 | $61.63 | D | 50,079 | D | |
| Common StockF3 | Jan 11, 2016 | S | 2,637 | $62.79 | D | 47,442 | D | |
| Common Stock | Jan 12, 2016 | M | 5,252 | $12.00 | A | 52,694 | D | |
| Common StockF4 | Jan 12, 2016 | S | 3,146 | $62.11 | D | 49,548 | D | |
| Common StockF5 | Jan 12, 2016 | S | 2,106 | $63.07 | D | 47,442 | D | |
| Common Stock | Jan 13, 2016 | M | 1,016 | $12.00 | A | 48,458 | D | |
| Common StockF6 | Jan 13, 2016 | S | 1,016 | $62.72 | D | 47,442 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F7 | $12.00 | Jan 11, 2016 | M | 8,882 | D | — | Apr 26, 2020 | Common Stock | 8,882 | 36,187 | D |
| Stock Option (right to buy)F7 | $12.00 | Jan 12, 2016 | M | 5,252 | D | — | Apr 26, 2020 | Common Stock | 5,252 | 30,935 | D |
| Stock Option (right to buy)F7 | $12.00 | Jan 13, 2016 | M | 1,016 | D | — | Apr 26, 2020 | Common Stock | 1,016 | 29,919 | D |
Explanation of responses
- F1Sales effected pursuant to a Rule 10b5-1 trading plan.
- F2Reflects the weighted average price of 6,245 shares of Common Stock of the SPS Commerce, Inc. sold by the reporting person in multiple transactions on January 11, 2016 with sales prices ranging from $61.17 to $62.12 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.
- F3Reflects the weighted average price of 2,637 shares of Common Stock of the SPS Commerce, Inc. sold by the reporting person in multiple transactions on January 11, 2016 with sales prices ranging from $62.43 to $62.91 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 3,146 shares of Common Stock of the SPS Commerce, Inc. sold by the reporting person in multiple transactions on January 12, 2016 with sales prices ranging from $61.76 to $62.67 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 2,106 shares of Common Stock of the SPS Commerce, Inc. sold by the reporting person in multiple transactions on January 12, 2016 with sales prices ranging from $62.92 to $63.36 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.
- F6Reflects the weighted average price of 1,016 shares of Common Stock of the SPS Commerce, Inc. sold by the reporting person in multiple transactions on January 13, 2016 with sales prices ranging from $62.54 to $62.90 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.
- F7Fully vested.