SEC Form 4 · accession 0001209191-18-022549
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 29, 2018
Accepted (ET)
Apr 2, 2018 · 5:51 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 29, 2018 | M | 1,757 | — | A | 153,288 | D | |
| Common StockF2 | Mar 29, 2018 | F | 418 | $8.74 | D | 152,870 | D | |
| Common StockF3 | Mar 29, 2018 | M | 1,750 | — | A | 154,620 | D | |
| Common StockF2 | Mar 29, 2018 | F | 417 | $8.74 | D | 154,203 | D | |
| Common StockF3 | Mar 29, 2018 | M | 4,622 | — | A | 158,825 | D | |
| Common StockF2 | Mar 29, 2018 | F | 1,101 | $8.74 | D | 157,724 | 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 29, 2018 | M | 1,757 | D | — | — | Common Stock | 1,757 | 51,678 | D |
| Restricted Stock UnitF5 | — | Mar 29, 2018 | M | 1,750 | D | — | — | Common Stock | 1,750 | 0 | D |
| Restricted Stock UnitF6 | — | Mar 29, 2018 | M | 4,622 | D | — | — | Common Stock | 4,622 | 9,245 | D |
Explanation of responses
- F1Issuance of Common Stock upon partial settlement of previously issued Performance Share Award granted under the Company's Employee Stock and Incentive Plan (the "Plan").
- F2Shares of common stock withheld by Issuer to satisfy tax withholding obligation.
- F3Issuance of Common Stock upon partial settlement of previously issued Restricted Stock Unit Award granted 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.
- F5Settlement of Restricted Stock Unit Award issued under the Plan.
- F6Partial settlement of Restricted Stock Unit Award granted under the Plan whose remaining shares are subject to future vesting based on future service conditions and other terms and conditions of the Plan and of the Restricted Stock Unit Award Agreement.