SEC Form 4 · accession 0001209191-17-011157
SPS COMMERCE INC · SPSC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kimberly K. Nelson
Officer — EVP & CFO
Period of report
Feb 13, 2017
Accepted (ET)
Feb 15, 2017 · 5:24 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,F2 | Feb 13, 2017 | F | 1,411 | $56.2697 | D | 30,545 | D | |
| Common StockF3 | Feb 14, 2017 | A | 10,996 | $0.00 | A | 41,541 | 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 | $55.70 | Feb 14, 2017 | A | 16,065 | A | — | Feb 14, 2024 | Common Stock | 16,065 | 16,065 | D |
Explanation of responses
- F1Number of shares withheld to cover withholding taxes associated with the issuance of 4,421 shares of the Issuer's common stock in settlement of an equal number of stock units previously credited to the reporting person's account.
- F2Reflects the weighted average price of 1,411 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 13, 2017 with sales prices ranging from $56.13 to $56.4468 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.
- F3This 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 14, 2018. The remaining units vest in a series of 36 successive equal monthly installments upon completion of each additional month of service (commencing on March 14, 2018).
- F4Options vest as to 25% of the shares on February 14, 2018. The remaining shares vest in a series of 36 successive equal monthly installments upon completion of each additional month of service (commencing on March 14, 2018).