PFSweb Provides Notice of Stock Option Exercise Due to Expiring Option Grants
April 25 2011 - 8:00AM
Business Wire
PFSweb, Inc. (Nasdaq: PFSW), an international provider of
end-to-end e-commerce solutions, today announced that certain of
its Directors and Executive Officers have exercised and sold an
aggregate of 164,599 stock options they hold individually for
PFSweb common shares, which are set to expire at various dates
beginning in December 2011. Such individuals, as well as other
Directors and Executive Officers, may also exercise an additional
approximately 89,000 options due to expire on the same dates and
may sell these shares in the open market. All of the above
transactions will be disclosed publicly as they occur through
filings with the Securities and Exchange Commission.
The foregoing transactions may be effected for personal reasons
such as funding the option exercise price and income tax payments,
or diversification of assets as part of personal financial
planning.
About PFSweb, Inc.
PFSweb develops and deploys comprehensive end-to-end eCommerce
solutions for Fortune 1000, Global 2000 and brand name companies,
including interactive marketing services, global fulfillment and
logistics and high-touch customer care. The company serves a
multitude of industries and company types, including such clients
as P&G, LEGO, Carter's, Lucky Brand Jeans, Juicy Couture,
Kensie, Monet, kate spade new york, AAFES, Riverbed, InfoPrint
Solutions Company, Hawker Beechcraft Corp., Roots Canada Ltd. and
Xerox.
To find out more about PFSweb, Inc. (NASDAQ: PFSW), visit the
company's website at http://www.pfsweb.com.
The matters discussed herein consist of forward-looking
information under the Private Securities Litigation Reform Act of
1995 and is subject to and involves risks and uncertainties, which
could cause actual results to differ materially from the
forward-looking information. PFSweb's Annual Report on Form 10-K
for the year ended December 31, 2010 identifies certain factors
that could cause actual results to differ materially from those
projected in any forward looking statements made and investors are
advised to review the Annual and Quarterly Reports and the Risk
Factors described therein. PFSweb undertakes no obligation to
update publicly any forward-looking statement for any reason, even
if new information becomes available or other events occur in the
future. There may be additional risks that we do not currently view
as material or that are not presently known.
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