SEC Form 4 · accession 0001209191-18-025039
PFSWEB INC · PFSW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael C Willoughby
Officer — CEO/President · Director
Period of report
Apr 9, 2018
Accepted (ET)
Apr 16, 2018 · 5:35 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001095315
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance SharesF1,F2 | — | Apr 9, 2018 | A | 85,106 | A | — | — | Common Stock | 85,106 | 85,106 | D |
Explanation of responses
- F1Each performance share represents the contingent right to receive one share of Common Stock.
- F2Subject to vesting in three installments beginning December 31, 2018 contingent upon continued employment and the relative total shareholder return of the Company Common Stock as compared to a designated index.