SEC Form 4 · accession 0001209191-18-010913
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 13, 2018
Accepted (ET)
Feb 16, 2018 · 5:02 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001092699
Table I — non-derivative securities
No Table I lines on this filing.
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)F1 | $54.68 | Feb 13, 2018 | A | 32,334 | A | — | Feb 13, 2025 | Common Stock | 32,334 | 32,334 | D |
| Performance RightsF2 | — | Feb 13, 2018 | A | 21,945 | A | — | Mar 15, 2021 | Common Stock | 21,945 | 21,945 | D |
Explanation of responses
- F1Options vest as to 25% of the shares on February 13, 2019. The remaining shares vest in a series of 36 successive equal monthly installments upon completion of each additional month of service (commencing on March 13, 2019).
- F2Each performance right represents a contingent right to receive one share of common stock. The performance rights vest based upon the issuer's total stockholder return.