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