SEC Form 4 · accession 0001209191-16-111654
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
Mar 31, 2016
Accepted (ET)
Apr 1, 2016 · 4:46 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 | M | 24,349 | — | A | 120,606 | D | |
| Common StockF2 | Mar 31, 2016 | F | 6,816 | $13.20 | D | 113,790 | D | |
| Common StockF3 | Mar 31, 2016 | A | 1,750 | $0.00 | A | 115,540 | D | |
| Common StockF2 | Mar 31, 2016 | F | 479 | $13.20 | D | 115,061 | D | |
| Common StockF3,F1 | Mar 31, 2016 | A | 18,744 | — | A | 133,805 | D | |
| Common StockF2 | Mar 31, 2016 | F | 5,126 | $13.20 | D | 128,679 | D | |
| Common StockF1 | Mar 31, 2016 | A | 11,374 | — | A | 140,053 | D | |
| Common StockF2 | Mar 31, 2016 | F | 3,111 | $13.20 | D | 136,942 | 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 AwardF4 | — | Mar 31, 2016 | M | 24,349 | D | — | — | Common Stock | 24,349 | 24,349 | D |
| Restricted Stock UnitF5 | — | Mar 31, 2016 | M | 1,750 | D | — | — | Common Stock | 1,750 | 3,500 | D |
| Restricted Stock UnitF3 | — | Mar 31, 2016 | M | 18,744 | D | — | — | Common Stock | 18,744 | 0 | D |
| Performance Share AwardF4 | — | Mar 31, 2016 | M | 11,374 | D | — | — | Common Stock | 11,374 | 34,122 | D |
Explanation of responses
- F1Issuance of Common Stock upon partial settlement of previously issued Performance Share Award granted under the 2005 Employee Stock Option and Incentive Plan (the "Plan").
- F2Shares of common stock withheld by Issuer to satisfy tax withholding obligation
- F3Settlement of Restricted Stock Unit Award issued under the Plan.
- F4Partial 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.
- F5Partial settlement of Restricted Stock Unit Award granted under the Plan whose remaining shares are subject to future vesting based on future service conditions.