SEC Form 4 · accession 0001209191-16-096708
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
Feb 5, 2016
Accepted (ET)
Feb 9, 2016 · 4:15 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 StockF1 | Feb 5, 2016 | A | 25,478 | $0.00 | A | 72,920 | 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)F2 | $48.08 | Feb 5, 2016 | A | 76,190 | A | — | Feb 4, 2023 | Common Stock | 76,190 | 76,190 | D |
Explanation of responses
- F1This 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 5, 2017. 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 5, 2017).
- F2Options vest as to 25% of the shares on February 5, 2017. The remaining shares vest in a series of 36 successive equal monthly installments upon completion of each additional month of service (commencing on March 5, 2017).