SEC Form 4 · accession 0001209191-15-029226
PFSWEB INC · PFSW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Cynthia D Almond
Officer — Executive Vice President
Period of report
Mar 23, 2015
Accepted (ET)
Mar 25, 2015 · 4:57 pm EDT
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 | Mar 23, 2015 | A | 1,250 | $0.00 | A | 37,887 | D | |
| Common Stock | Mar 23, 2015 | F | 467 | $11.41 | D | 37,420 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF2,F3 | — | Mar 23, 2015 | A | 3,750 | A | — | — | Common Stock | 3,750 | 3,750 | D |
Explanation of responses
- F1Shares of Common Stock issued as Other Stock Based Award under 2005 Employee Stock and Incentive Plan (the "Plan").
- F2Issuance of Restricted Stock Unit Award under the Plan. Each RSU represents a right to receive one share of Common Stock.
- F3RSUs vest in three equal annual installments on December 31, 2015, December 31, 2016 and December 31, 2017, subject to acceleration upon the occurrence of certain events set forth in the Plan and the RSU Award Agreement.