Statement of Changes in Beneficial Ownership (4)
July 29 2020 - 4:51PM
Edgar (US Regulatory)
FORM 4
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
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SORAN PHILIP |
2. Issuer Name and Ticker or Trading Symbol
SPS COMMERCE INC
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SPSC
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below)
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(Last)
(First)
(Middle)
532 FERNDALE ROAD WEST |
3. Date of Earliest Transaction
(MM/DD/YYYY)
7/27/2020 |
(Street)
WAYZATA, MN 55391
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 7/27/2020 | | M(1) | | 7120 | A | $8.33 | 23030 | D | |
Common Stock | 7/27/2020 | | S(1) | | 4450 | D | $72.4981 (2) | 18580 | D | |
Common Stock | 7/27/2020 | | S(1) | | 2670 | D | $73.1943 (3) | 15910 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Stock Option (right to buy) | $8.33 | 7/27/2020 | | M (1) | | | 7120 | (4) | 5/17/2021 | Common Stock | 7120 | $0.00 | 0 | D | |
Explanation of Responses: |
(1) | Stock option exercise and sale effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 14, 2020. |
(2) | Reflects the weighted average price of 4,450 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on July 27, 2020 with sales prices ranging from $71.92 to $72.915 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. |
(3) | Reflects the weighted average price of 2,670 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on July 27, 2020 with sales prices ranging from $72.94 to $73.44 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. |
(4) | Fully vested. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
SORAN PHILIP 532 FERNDALE ROAD WEST WAYZATA, MN 55391 | X |
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Signatures
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/s/ Jonathan R. Zimmerman, Attorney-in-Fact for Philip Soran | | 7/29/2020 |
**Signature of Reporting Person | Date |
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