SEC Form 4 · accession 0001209191-19-011827
SPS COMMERCE INC · SPSC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Kimberly K. Nelson
Officer — EVP & CFO
Period of report
Feb 15, 2019
Accepted (ET)
Feb 20, 2019 · 8:07 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 StockF2 | Feb 15, 2019 | S | 2,290 | $107.8863 | D | 45,372 | D | |
| Common Stock | Feb 19, 2019 | A | 5,583 | $0.00 | A | 50,955 | 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)F3 | $109.07 | Feb 19, 2019 | A | 8,800 | A | — | Feb 19, 2026 | Common Stock | 8,800 | 8,800 | D |
Explanation of responses
- F1Sales effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 14, 2018.
- F2Reflects the weighted average price of 2,290 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 15, 2019 with sales prices ranging from $107.82 to $108.01 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.
- F3Options vest as to 25% of the shares on February 19, 2020. The remaining shares vest in a series of 36 successive equal monthly installments upon completion of each additional month of service (commencing on March 19, 2020).