SEC Form 4 · accession 0001209191-15-005950
PFSWEB INC · PFSW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas J Madden
Officer — CFO/Executive Vice President
Period of report
Jan 20, 2015
Accepted (ET)
Jan 22, 2015 · 6:51 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001095315
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jan 20, 2015 | A | 24,349 | — | A | 90,882 | D | |
| Common StockF2 | Jan 20, 2015 | D | 9,094 | $11.46 | D | 81,788 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Share AwardF3 | — | Jan 20, 2015 | M | 24,349 | D | — | — | Common Stock | 24,349 | 48,699 | D |
Explanation of responses
- F1Issuance of Common Stock upon partial settlement of Performance Share Award issued under the 2005 Employee Stock Option and Incentive Plan (the "Plan").
- F2Shares of common stock withheld by Issuer to satisfy tax withholding obligation
- F3Partial settlement of Performance Share Award issued under the Plan whose remaining shares are subject to future vesting based on future service and market price measurement conditions.