SEC Form 4 · accession 0001209191-16-114440
PFSWEB INC · PFSW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Elizabeth Johnson
Officer — Senior Vice President
Period of report
Apr 14, 2016
Accepted (ET)
Apr 15, 2016 · 5:48 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 | Apr 14, 2016 | M | 6,000 | $4.00 | A | 19,802 | D | |
| Common StockF1 | Apr 14, 2016 | S | 6,000 | $14.67 | D | 13,802 | 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 buyF2,F3 | $4.00 | Apr 14, 2016 | M | 6,000 | D | — | Apr 18, 2020 | Common Stock | 6,000 | 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 $14.65 to $14.69 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.
- F2Exercise of employee stock option issued under employee stock option plan
- F3These shares became exercisable on a cumulative basis from July 19, 2010 to April 19, 2013