SEC Form 4 · accession 0001209191-17-032845
PFSWEB INC · PFSW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Cynthia D Almond
Other
Period of report
May 12, 2017
Accepted (ET)
May 16, 2017 · 6:01 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 12, 2017 | M | 4,255 | $4.42 | A | 70,174 | D | |
| Common StockF1 | May 12, 2017 | S | 4,255 | $7.57 | D | 65,919 | D | |
| Common StockF2 | May 16, 2017 | M | 1,250 | — | A | 67,169 | D | |
| Common StockF3 | May 16, 2017 | F | 459 | $7.32 | D | 66,710 | D | |
| Common StockF4 | May 16, 2017 | M | 18,085 | — | A | 84,795 | D | |
| Common StockF3 | May 16, 2017 | F | 7,586 | $7.32 | D | 77,209 | 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 buyF5,F6 | $4.42 | May 12, 2017 | M | 4,255 | D | — | May 15, 2017 | Common Stock | 4,255 | 0 | D |
| Restricted Stock UnitF7 | — | May 16, 2017 | M | 1,250 | D | — | — | Common Stock | 1,250 | 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 $7.53 to $7.60 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.
- F2Settlement of Restricted Stock Unit Award issued under the 2005 Employee Stock Option and Incentive Plan (the "Plan").
- F3Shares of common stock withheld by Issuer to satisfy tax withholding obligation
- F4Other Stock Based Award issued under the Plan.
- F5Exercise of employee stock option issued under the Plan.
- F6These shares became exercisable on a cumulative basis from May 16, 2007 to May 16, 2010
- F7Settlement of Restricted Stock Unit Award granted under the Plan.