SEC Form 4 · accession 0001209191-17-025153
PFSWEB INC · PFSW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jonathan Walters
Officer — Vice President
Period of report
Mar 31, 2017
Accepted (ET)
Apr 4, 2017 · 5:32 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, 2017 | M | 2,783 | — | A | 2,783 | D | |
| Common StockF2 | Mar 31, 2017 | F | 908 | $6.40 | D | 1,875 | D | |
| Common StockF3 | Mar 31, 2017 | M | 375 | $0.00 | A | 2,250 | D | |
| Common StockF2 | Mar 31, 2017 | F | 122 | $6.40 | D | 2,128 | 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, 2017 | M | 2,783 | D | — | — | Common Stock | 2,783 | 0 | D |
| Restricted Stock UnitF5 | — | Mar 31, 2017 | M | 375 | D | — | — | Common Stock | 375 | 375 | 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.
- F4Settlement of Performance Share Award issued under the Plan.
- F5Partial settlement of Restricted Stock Unit Award granted under the Plan whose remaining shares are subject to future vesting based on future service conditions.