SEC Form 4 · accession 0001209191-16-111650
PFSWEB INC · PFSW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher Travis Hess
Officer — Executive Vice President
Period of report
Mar 31, 2016
Accepted (ET)
Apr 1, 2016 · 4:45 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 31, 2016 | A | 1,481 | $0.00 | A | 2,522 | D | |
| Common StockF2 | Mar 31, 2016 | F | 392 | $13.20 | D | 2,130 | D | |
| Common StockF3 | Mar 31, 2016 | A | 2,417 | — | A | 4,547 | D | |
| Common StockF2 | Mar 31, 2016 | F | 639 | $13.20 | D | 3,908 | 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 UnitF4 | — | Mar 31, 2016 | M | 1,481 | D | — | — | Common Stock | 1,481 | 1,482 | D |
| Performance Share AwardF5 | — | Mar 31, 2016 | M | 2,417 | D | — | — | Common Stock | 2,417 | 7,251 | D |
Explanation of responses
- F1Settlement of Restricted Stock Unit Award issued under the 2005 Employee Stock and Incentive Plan (the "Plan").
- F2Shares of common stock withheld by Issuer to satisfy tax withholding obligation
- F3Issuance of Common Stock upon partial settlement of previously issued Performance Share Award granted under the Plan.
- F4Partial settlement of Restricted Stock Unit Award granted under the Plan whose remaining shares are subject to future vesting based on future service conditions.
- F5Partial 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.