SEC Form 4 · accession 0001209191-19-010655
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
Feb 13, 2019
Accepted (ET)
Feb 15, 2019 · 4:44 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 | Feb 13, 2019 | M | 9,107 | $39.01 | A | 37,719 | D | |
| Common Stock | Feb 13, 2019 | S | 9,107 | $110.00 | D | 28,612 | D | |
| Common StockF4 | Feb 13, 2019 | S | 500 | $99.83 | D | 28,112 | D | |
| Common Stock | Feb 13, 2019 | S | 100 | $100.55 | D | 28,012 | D | |
| Common StockF5 | Feb 13, 2019 | S | 600 | $102.8167 | D | 27,412 | D | |
| Common StockF6 | Feb 13, 2019 | S | 1,095 | $103.5353 | D | 26,317 | D | |
| Common StockF7 | Feb 13, 2019 | S | 1,987 | $104.4056 | D | 24,330 | D | |
| Common StockF8 | Feb 13, 2019 | S | 3,201 | $105.6515 | D | 21,129 | D | |
| Common StockF9 | Feb 13, 2019 | S | 770 | $106.6697 | D | 20,359 | D | |
| Common StockF10 | Feb 13, 2019 | S | 410 | $107.7417 | D | 19,949 | D | |
| Common StockF11 | Feb 13, 2019 | S | 1,000 | $108.944 | D | 18,949 | D | |
| Common StockF12 | Feb 13, 2019 | S | 600 | $110.1633 | D | 18,349 | D | |
| Common Stock | Feb 13, 2019 | S | 100 | $111.09 | D | 18,249 | D | |
| Common StockF13 | Feb 13, 2019 | S | 200 | $112.52 | D | 18,049 | 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)F14 | $39.01 | Feb 13, 2019 | M | 9,107 | D | — | Feb 8, 2023 | Common Stock | 9,107 | 9,108 | D |
Explanation of responses
- F1Stock option exercise effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 14, 2018.
- F10Reflects the weighted average price of 410 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 13, 2019, with sales prices ranging from $107.41 to $108.14 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.
- F11Reflects the weighted average price of 1,000 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 13, 2019, with sales prices ranging from $108.50 to $109.17 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.
- F12Reflects the weighted average price of 600 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 13, 2019, with sales prices ranging from $109.81 to $110.59 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.
- F13Reflects the weighted average price of 200 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 13, 2019, with sales prices ranging from $112.30 to $112.74 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.
- F14Fully vested.
- F2Sales effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 14, 2018.
- F3Sales effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 7, 2018.
- F4Reflects the weighted average price of 500 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 13, 2019, with sales prices ranging from $99.55 to $100.05 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 600 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 13, 2019, with sales prices ranging from $102.36 to $102.99 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 1,095 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 13, 2019, with sales prices ranging from $103.05 to $103.98 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.
- F7Reflects the weighted average price of 1,987 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 13, 2019, with sales prices ranging from $104.06 to $104.79 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.
- F8Reflects the weighted average price of 3,201 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 13, 2019, with sales prices ranging from $105.12 to $106.04 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.
- F9Reflects the weighted average price of 770 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 13, 2019, with sales prices ranging from $106.18 to $107.14 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.