SEC Form 4 · accession 0001209191-17-049993
PFSWEB INC · PFSW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gibson T Dawson
Officer — Vice President
Period of report
Aug 9, 2017
Accepted (ET)
Aug 23, 2017 · 5:54 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 | Aug 9, 2017 | M | 10,000 | $1.46 | A | 10,000 | D | |
| Common StockF1 | Aug 9, 2017 | S | 10,000 | $7.531 | D | 0 | D | |
| Common Stock | Aug 9, 2017 | M | 8,000 | $4.00 | A | 8,000 | D | |
| Common StockF2 | Aug 9, 2017 | S | 8,000 | $7.645 | D | 0 | D | |
| Common Stock | Aug 9, 2017 | M | 17,500 | $5.00 | A | 17,500 | D | |
| Common StockF3 | Aug 9, 2017 | S | 17,500 | $7.601 | D | 0 | 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 buyF4,F5 | $1.46 | Aug 9, 2017 | M | 10,000 | D | — | May 26, 2019 | Common Stock | 10,000 | 0 | D |
| Option to buyF4,F6 | $4.00 | Aug 9, 2017 | M | 8,000 | D | — | Apr 18, 2020 | Common Stock | 8,000 | 0 | D |
| Option to buyF4,F7 | $5.00 | Aug 9, 2017 | M | 17,500 | D | — | Mar 29, 2021 | Common Stock | 17,500 | 0 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at and average price of $7.531 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.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at and average price of $7.645 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.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at and average price of $7.601 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.
- F4Exercise of employee stock option issued under the Employee Stock Option Plan.
- F5These shares became exercisable on a cumulative basis from May 27, 2009 to May 27, 2012.
- F6These shares became exercisable on a cumulative basis from April 19, 2010 to April 19, 2013.
- F7These shares became exercisable on a cumulative basis from March 30, 2010 to March 30, 2014.