SEC Form 4 · accession 0001209191-16-148224
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
Nov 1, 2016
Accepted (ET)
Nov 3, 2016 · 5:11 pm EDT
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 | Nov 1, 2016 | M | 12,023 | $25.32 | A | 32,493 | D | |
| Common StockF2 | Nov 1, 2016 | S | 12,023 | $62.2532 | D | 20,470 | D | |
| Common Stock | Nov 2, 2016 | M | 3,945 | $25.32 | A | 24,415 | D | |
| Common StockF3 | Nov 2, 2016 | S | 3,945 | $62.1903 | D | 20,470 | 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)F4 | $25.32 | Nov 1, 2016 | M | 12,023 | D | — | Feb 9, 2022 | Common Stock | 12,023 | 3,945 | D |
| Employee Stock Option (right to buy)F4 | $25.32 | Nov 2, 2016 | M | 3,945 | D | — | Feb 9, 2022 | Common Stock | 3,945 | 0 | D |
Explanation of responses
- F1Sales effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 13, 2016.
- F2Reflects the weighted average price of 12,023 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on November 1, 2016 with sales prices ranging from $61.88 to $62.68 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 3,945 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on November 2, 2016 with sales prices ranging from $61.81 to $62.40 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.
- F4Fully vested.