Statement of Changes in Beneficial Ownership (4)
February 23 2021 - 5:49PM
Edgar (US Regulatory)
FORM 4
[ ]
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
|
OMB APPROVAL
OMB Number:
3235-0287
Estimated average burden hours per response...
0.5
|
|
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
|
|
1. Name and Address of Reporting Person
*
Frome James J. |
2. Issuer Name and Ticker or Trading Symbol
SPS COMMERCE INC
[
SPSC
]
|
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) EVP & Chief Operating Officer |
(Last)
(First)
(Middle)
333 SOUTH SEVENTH STREET, SUITE 1000 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
2/19/2021 |
(Street)
MINNEAPOLIS, MN 55402
(City)
(State)
(Zip)
|
4. If Amendment, Date Original Filed
(MM/DD/YYYY)
|
6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
|
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
|
1.Title of Security (Instr. 3)
|
2. Trans. Date
|
2A. Deemed Execution Date, if any
|
3. Trans. Code (Instr. 8)
|
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
|
5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
|
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
|
7. Nature of Indirect Beneficial Ownership (Instr. 4)
|
Code
|
V
|
Amount
|
(A) or (D)
|
Price
|
Common Stock | 2/19/2021 | | A | | 11646 (1) | A | $0.00 | 63980 | D | |
Common Stock | 2/22/2021 | | S(2) | | 1406 | D | $109.4415 (3) | 62574 | D | |
Common Stock | 2/23/2021 | | S(2) | | 1374 | D | $106.0281 (4) | 61200 | D | |
Common Stock | 2/23/2021 | | S(2) | | 301 | D | $106.7687 (5) | 60899 | D | |
Common Stock | | | | | | | | 300.073 | I | By 401(k) Plan |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
|
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 |
Explanation of Responses: |
(1) | RSU awards vest as to 25% of the units on February 19, 2022. The remaining units vest in a series of 36 successive equal monthly installments upon completion of each additional month of service (commencing on the March 19, 2022). |
(2) | Sales effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 11, 2020. |
(3) | Reflects the weighted average price of 1,406 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 22, 2021 with sales prices ranging from $109.10 to $109.93 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) | Reflects the weighted average price of 1,374 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 23, 2021 with sales prices ranging from $105.40 to $106.31 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. |
(5) | Reflects the weighted average price of 301 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 22, 2021 with sales prices ranging from $106.49 to $106.86 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. |
Reporting Owners
|
Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Frome James J. 333 SOUTH SEVENTH STREET SUITE 1000 MINNEAPOLIS, MN 55402 |
|
| EVP & Chief Operating Officer |
|
Signatures
|
/s/ Jonathan R. Zimmerman, attorney-in-fact for James J. Frome | | 2/23/2021 |
**Signature of Reporting Person | Date |
SPS Commerce (NASDAQ:SPSC)
Historical Stock Chart
From May 2024 to Jun 2024
SPS Commerce (NASDAQ:SPSC)
Historical Stock Chart
From Jun 2023 to Jun 2024