SEC Form 4 · accession 0001209191-15-045489
PFSWEB INC · PFSW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael C Willoughby
Officer — Chief Executive Officer · Director
Period of report
May 19, 2015
Accepted (ET)
May 21, 2015 · 5:44 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 Stock | May 19, 2015 | M | 8,511 | $4.42 | A | 101,596 | D | |
| Common StockF1 | May 19, 2015 | S | 8,511 | $14.37 | D | 93,085 | D | |
| Common Stock | May 19, 2015 | M | 19,952 | $1.46 | A | 113,037 | D | |
| Common StockF2 | May 19, 2015 | S | 19,952 | $14.38 | D | 93,085 | D | |
| Common Stock | May 20, 2015 | M | 1,298 | $1.46 | A | 94,383 | D | |
| Common StockF3 | May 20, 2015 | S | 1,298 | $14.15 | D | 93,085 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option to buyF4,F5 | $4.42 | May 19, 2015 | M | 8,511 | D | — | May 15, 2017 | Common Stock | 8,511 | 0 | D |
| Option to buyF4,F6 | $1.46 | May 19, 2015 | M | 19,952 | D | — | May 26, 2019 | Common Stock | 19,952 | 1,298 | D |
| Option to buyF4,F6 | $1.46 | May 20, 2015 | M | 1,298 | D | — | May 26, 2019 | Common Stock | 1,298 | 0 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.35 to $14.50 inclusive. The reporting person undertakes to provide to PFSweb, Inc., any security holder thereof or the Securities and Exchange Commission, upon request, information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.35 to $14.43 inclusive. The reporting person undertakes to provide to PFSweb, Inc., any security holder thereof or the Securities and Exchange Commission, upon request, information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.02 to $14.29 inclusive. The reporting person undertakes to provide to PFSweb, Inc., any security holder thereof or the Securities and Exchange Commission, upon request, information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- F4Exercise of employee stock option issued under employee stock option plan
- F5These shares became exercisable on a cumulative basis from August 16, 2007 to May 16, 2010
- F6These shares became exercisable on a cumulative basis from August 27, 2009 to May 27, 2012