0001209191-20-045221.txt : 20200805 0001209191-20-045221.hdr.sgml : 20200805 20200805173516 ACCESSION NUMBER: 0001209191-20-045221 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20200803 FILED AS OF DATE: 20200805 DATE AS OF CHANGE: 20200805 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: 201078765 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 2020-08-03 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 2020-08-03 4 M 0 17104 24.04 A 59537 D Common Stock 2020-08-03 4 M 0 26530 27.85 A 86067 D Common Stock 2020-08-03 4 S 0 23126 74.0482 D 62941 D Common Stock 2020-08-03 4 S 0 20508 74.6527 D 42433 D Common Stock 294.401 I By 401(k) Plan Employee Stock Option (right to buy) 24.04 2020-08-03 4 M 0 17104 0.00 D 2023-02-05 Common Stock 17104 0 D Employee Stock Option (right to buy) 27.85 2020-08-03 4 M 0 26530 0.00 D 2024-02-14 Common Stock 26530 6124 D Stock option exercise and sales effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 9, 2020. 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 16,327 shares of Common Stock held by the reporting person on August 22, 2019 became an option for 32,654 shares of Common Stock. This option was previously reported as an option for 16,327 shares of Common stock at an exercise price of $55.70 per share, but was adjusted to reflect the stock dividend declared by the Issuer on July 25, 2019. Reflects the weighted average price of 23,126 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on August 3, 2020 with sales prices ranging from $73.36 to $74.35 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 20,508 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on August 3, 2020 with sales prices ranging from $74.37 to $75.24 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. Options vest as to 25% of the shares on February 14, 2018. The remaining shares vest in a series of 36 successive equal monthly installments upon completion of each additional month of service (commencing on March 14, 2018). /s/ Jonathan R. Zimmerman, attorney-in-fact for James J. Frome 2020-08-05