0001209191-23-057087.txt : 20231201 0001209191-23-057087.hdr.sgml : 20231201 20231201164934 ACCESSION NUMBER: 0001209191-23-057087 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20231129 FILED AS OF DATE: 20231201 DATE AS OF CHANGE: 20231201 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Black Archie C. CENTRAL INDEX KEY: 0001489095 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34702 FILM NUMBER: 231460237 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 X0508 4 2023-11-29 0 0001092699 SPS COMMERCE INC SPSC 0001489095 Black Archie C. 333 SOUTH SEVENTH STREET SUITE 1000 MINNEAPOLIS MN 55402 1 0 0 0 1 Common Stock 2023-11-29 4 M 0 20075 54.54 A 80118 D Common Stock 2023-11-29 4 S 0 10615 171.5551 D 69503 D Common Stock 2023-11-29 4 S 0 3298 172.7719 D 66205 D Common Stock 2023-11-29 4 S 0 1410 173.9236 D 64795 D Common Stock 2023-11-29 4 S 0 2467 174.9462 D 62328 D Common Stock 2023-11-29 4 S 0 585 175.7581 D 61743 D Common Stock 2023-11-29 4 S 0 1400 177.1551 D 60343 D Common Stock 2023-11-29 4 S 0 300 177.8067 D 60043 D Common Stock 2023-11-30 4 M 0 14407 54.54 A 74450 D Common Stock 2023-11-30 4 S 0 10271 170.3976 D 64179 D Common Stock 2023-11-30 4 S 0 4136 171.2048 D 60043 D Common Stock 400 I By Son I Common Stock 400 I By Son II Common Stock 400 I By Son III Common Stock 400 I By Son IV Common Stock 666.7 I By IRA Common Stock 407.027 I By 401(k) Plan Stock Option (right to buy) 54.54 2023-11-29 4 M 0 20075 0.00 D 2026-02-19 Common Stock 20075 14407 D Stock Option (right to buy) 54.54 2023-11-30 4 M 0 14407 0.00 D 2026-02-19 Common Stock 14407 0 D Stock option exercise and sales effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 29, 2023. 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 17,241 shares of Common Stock held by the reporting person on August 22, 2019 became an option for 34,482 shares of Common Stock. This option was previously reported as an option for 17,241 shares of Common stock at an exercise price of $109.07 per share, but was adjusted to reflect the stock dividend declared by the Issuer on July 25, 2019. Reflects the weighted average price of 10,615 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on November 29, 2023 with sales prices ranging from $171.38 to $172.35 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 3,298 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on November 29, 2023 with sales prices ranging from $172.40 to $173.37 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 1,410 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on November 29, 2023 with sales prices ranging from $173.53 to $174.52 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 2,467 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on November 29, 2023 with sales prices ranging from $174.53 to $175.47 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 585 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on November 29, 2023 with sales prices ranging from $175.59 to $175.88 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 1,400 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on November 29, 2023 with sales prices ranging from $176.68 to $177.56 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 300 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on November 29, 2023 with sales prices ranging from $177.70 to $178.00 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 10,271 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on November 30, 2023 with sales prices ranging from $170.00 to $170.99 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 4,136 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on November 30, 2023 with sales prices ranging from $171.01 to $171.62 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 Archie C. Black 2023-12-01