0001209191-20-010410.txt : 20200218 0001209191-20-010410.hdr.sgml : 20200218 20200218202909 ACCESSION NUMBER: 0001209191-20-010410 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20200213 FILED AS OF DATE: 20200218 DATE AS OF CHANGE: 20200218 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Frome James J. CENTRAL INDEX KEY: 0001489265 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34702 FILM NUMBER: 20627234 MAIL ADDRESS: STREET 1: 333 SOUTH SEVENTH STREET STREET 2: SUITE 1000 CITY: MINNEAPOLIS STATE: MN ZIP: 55402 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: SPS COMMERCE INC CENTRAL INDEX KEY: 0001092699 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 411593154 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 333 SOUTH SEVENTH STREET STREET 2: SUITE 1000 CITY: MINNEAPOLIS STATE: MN ZIP: 55402 BUSINESS PHONE: 612-435-9400 MAIL ADDRESS: STREET 1: 333 SOUTH SEVENTH STREET STREET 2: SUITE 1000 CITY: MINNEAPOLIS STATE: MN ZIP: 55402 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2020-02-13 0 0001092699 SPS COMMERCE INC SPSC 0001489265 Frome James J. 333 SOUTH SEVENTH STREET SUITE 1000 MINNEAPOLIS MN 55402 0 1 0 0 EVP & Chief Operating Officer Common Stock 2020-02-13 4 M 0 6672 32.975 A 55604 D Common Stock 2020-02-13 4 M 0 4227 33.55 A 59831 D Common Stock 2020-02-13 4 S 0 10899 60.0452 D 48932 D Common Stock 2020-02-14 4 M 0 8905 33.55 A 57837 D Common Stock 2020-02-14 4 M 0 17104 24.04 A 74941 D Common Stock 2020-02-14 4 S 0 18639 60.3077 D 56302 D Common Stock 2020-02-14 4 S 0 7170 61.3087 D 49132 D Common Stock 2020-02-14 4 S 0 200 62.065 D 48932 D Common Stock 230.526 I By 401(k) Plan Employee Stock Option (right to buy) 32.975 2020-02-13 4 M 0 6672 0.00 D 2024-02-10 Common Stock 6672 13346 D Employee Stock Option (right to buy) 33.55 2020-02-13 4 M 0 4227 0.00 D 2022-02-09 Common Stock 4227 35171 D Employee Stock Option (right to buy) 33.55 2020-02-14 4 M 0 8905 0.00 D 2022-02-09 Common Stock 8905 26266 D Employee Stock Option (right to buy) 24.04 2020-02-14 4 M 0 17104 0.00 D 2023-02-04 Common Stock 17104 51312 D Stock option exercise and sales effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 27, 2019. On July 25, 2019, the Issuer announced that its board of directors declared a two-for-one stock split of the Common Stock of the Issuer, effected in the form of a 100 percent stock dividend as of the record date on August 8, 2019. The stock split dividend was distributed on August 22, 2019, and at that time pursuant to anti-dilution provisions of the Issuer's 2010 Equity Incentive Plan, an option for 10,009 shares of Common Stock held by the reporting person on August 22, 2019 became an option for 20,018 shares of Common Stock. This option was previously reported as an option for 10,009 shares of Common stock at an exercise price of $65.95 per share, but was adjusted to reflect the stock dividend declared by the Issuer on July 25, 2019. On July 25, 2019, the Issuer announced that its board of directors declared a two-for-one stock split of the Common Stock of the Issuer, effected in the form of a 100 percent stock dividend as of the record date on August 8, 2019. The stock split dividend was distributed on August 22, 2019, and at that time pursuant to anti-dilution provisions of the Issuer's 2010 Equity Incentive Plan, an option for 19,699 shares of Common Stock held by the reporting person on August 22, 2019 became an option for 39,398 shares of Common Stock. This option was previously reported as an option for 19,699 shares of Common stock at an exercise price of $67.10 per share, but was adjusted to reflect the stock dividend declared by the Issuer on July 25, 2019. Reflects the weighted average price of 10,899 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 13, 2020 with sales prices ranging from $60.00 to $60.25 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased or sold at each separate price. On July 25, 2019, the Issuer announced that its board of directors declared a two-for-one stock split of the Common Stock of the Issuer, effected in the form of a 100 percent stock dividend as of the record date on August 8, 2019. The stock split dividend was distributed on August 22, 2019, and at that time pursuant to anti-dilution provisions of the Issuer's 2010 Equity Incentive Plan, an option for 34,208 shares of Common Stock held by the reporting person on August 22, 2019 became an option for 68,416 shares of Common Stock. This option was previously reported as an option for 34,208 shares of Common stock at an exercise price of $48.08 per share, but was adjusted to reflect the stock dividend declared by the Issuer on July 25, 2019. Reflects the weighted average price of 18,639 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 14, 2020 with sales prices ranging from $60.00 to $60.99 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased or sold at each separate price. Reflects the weighted average price of 7,170 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 14, 2020 with sales prices ranging from $61.00 to $61.96 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased or sold at each separate price. Reflects the weighted average price of 200 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 14, 2020 with sales prices ranging from $62.06 to $62.07 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased or sold at each separate price. Fully vested. /s/ Jonathan R. Zimmerman, attorney-in-fact for James J. Frome 2020-02-18