0001209191-21-015872.txt : 20210302
0001209191-21-015872.hdr.sgml : 20210302
20210302161322
ACCESSION NUMBER: 0001209191-21-015872
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210226
FILED AS OF DATE: 20210302
DATE AS OF CHANGE: 20210302
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: 21703685
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
2021-02-26
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
2021-02-26
4
M
0
6124
27.85
A
67023
D
Common Stock
2021-02-26
4
M
0
10056
54.54
A
77079
D
Common Stock
2021-02-26
4
M
0
28290
27.37
A
105369
D
Common Stock
2021-02-26
4
S
0
2400
99.5807
D
102969
D
Common Stock
2021-02-26
4
S
0
38771
101.1028
D
64198
D
Common Stock
2021-02-26
4
S
0
15066
101.8973
D
49132
D
Common Stock
2021-02-26
4
S
0
2632
103.1753
D
46500
D
Common Stock
2021-02-26
4
S
0
802
103.7128
D
45698
D
Common Stock
2021-03-01
4
S
0
500
100.566
D
45198
D
Common Stock
2021-03-01
4
S
0
933
101.6977
D
44265
D
Common Stock
2021-03-01
4
S
0
3979
102.62
D
40286
D
Common Stock
2021-03-01
4
S
0
1323
103.3418
D
38963
D
Common Stock
336.402
I
By 401(k) Plan
Employee Stock Option (right to buy)
27.85
2021-02-26
4
M
0
6124
0.00
D
2024-02-14
Common Stock
6124
0
D
Employee Stock Option (right to buy)
54.54
2021-02-26
4
M
0
10056
0.00
D
2026-02-19
Common Stock
10056
10058
D
Employee Stock Option (right to buy)
27.37
2021-02-26
4
M
0
28290
0.00
D
2025-02-13
Common Stock
28290
9432
D
Stock option exercise and sales effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 11, 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 10,057 shares of Common Stock held by the reporting person on August 22, 2019 became an option for 20,114 shares of Common Stock.
This option was previously reported as an option for 10,057 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.
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 18,861 shares of Common Stock held by the reporting person on August 22, 2019 became an option for 37,722 shares of Common Stock.
This option was previously reported as an option for 18,861 shares of Common stock at an exercise price of $54.68 per share, but was adjusted to reflect the stock dividend declared by the Issuer on July 25, 2019.
Reflects the weighted average price of 2,400 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 26, 2021 with sales prices ranging from $99.5800 to $99.5814 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 38,771 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 26, 2021 with sales prices ranging from $100.62 to $101.61 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 15,066 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 26, 2021 with sales prices ranging from $101.62 to $102.45 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 2,632 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 26, 2021 with sales prices ranging from $102.68 to $103.61 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 802 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 26, 2021 with sales prices ranging from $103.68 to $103.94 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 500 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on March 1, 2021 with sales prices ranging from $100.11 to $101.08 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 933 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on March 1, 2021 with sales prices ranging from $101.13 to $102.09 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 3,979 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on March 1, 2021 with sales prices ranging from $102.17 to $103.11 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 1,323 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on March 1, 2021 with sales prices ranging from $103.19 to $103.39 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 19, 2020. The remaining shares vest in a series of 36 successive equal monthly installments upon completion of each additional month of service (commencing on March 19, 2020).
Options vest as to 25% of the shares on February 13, 2019. The remaining shares vest in a series of 36 successive equal monthly installments upon completion of each additional month of service (commencing on March 13, 2019).
/s/ Jonathan R. Zimmerman, attorney-in-fact for James J. Frome
2021-03-02