Philip Soran - Nov 3, 2021 Form 4 Insider Report for SPS COMMERCE INC (SPSC)

Role
Director
Signature
/s/ Jonathan R. Zimmerman, Attorney-in-Fact for Philip Soran
Stock symbol
SPSC
Transactions as of
Nov 3, 2021
Transactions value $
-$510,395
Form type
4
Date filed
11/5/2021, 04:08 PM
Previous filing
Oct 4, 2021
Next filing
Dec 13, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPSC Common Stock Options Exercise $101K +3K +17.83% $33.69 19.9K Nov 3, 2021 Direct F1, F2, F3
transaction SPSC Common Stock Sale -$437K -3K -15.13% $145.44 16.8K Nov 3, 2021 Direct F1
transaction SPSC Common Stock Options Exercise $50.6K +1.5K +8.92% $33.69 18.3K Nov 4, 2021 Direct F1
transaction SPSC Common Stock Sale -$225K -1.5K -8.19% $150.00 16.8K Nov 4, 2021 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SPSC Employee Stock Option (right to buy) Options Exercise $0 -3K -66.67% $0.00 1.5K Nov 3, 2021 Common Stock 3K $33.69 Direct F1, F3, F4
transaction SPSC Employee Stock Option (right to buy) Options Exercise $0 -1.5K -100% $0.00* 0 Nov 4, 2021 Common Stock 1.5K $33.69 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Stock option exercise and sale effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 14, 2021.
F2 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 2,253 shares of Common Stock held by the reporting person on August 22, 2019 became an option for 4,506 shares of Common Stock.
F3 This option was previously reported as an option for 2,253 shares of Common stock at an exercise price of $67.37 per share, but was adjusted to reflect the stock dividend declared by the Issuer on July 25, 2019.
F4 Fully vested.