Sven Wehrwein - Nov 16, 2021 Form 4 Insider Report for SPS COMMERCE INC (SPSC)

Role
Director
Signature
/s/ Jonathan R. Zimmerman, Attorney-in-Fact for Sven A. Wehrwein
Stock symbol
SPSC
Transactions as of
Nov 16, 2021
Transactions value $
-$361,991
Form type
4
Date filed
11/18/2021, 03:27 PM
Previous filing
Aug 5, 2021
Next filing
Nov 22, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPSC Common Stock Options Exercise $20.7K +792 +4.7% $26.14 17.6K Nov 16, 2021 Direct
transaction SPSC Common Stock Options Exercise $58.4K +1.57K +8.9% $37.22 19.2K Nov 16, 2021 Direct
transaction SPSC Common Stock Sale -$353K -2.36K -12.3% $149.29 16.8K Nov 16, 2021 Direct F1
transaction SPSC Common Stock Options Exercise $46.6K +900 +5.34% $51.80 17.7K Nov 17, 2021 Direct F2, F3
transaction SPSC Common Stock Sale -$135K -900 -5.07% $150.13 16.8K Nov 17, 2021 Direct F4

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 Stock Option (right to buy) Options Exercise $0 -792 -100% $0.00* 0 Nov 16, 2021 Common Stock 792 $26.14 Direct F5
transaction SPSC Stock Option (right to buy) Options Exercise $0 -1.57K -100% $0.00* 0 Nov 16, 2021 Common Stock 1.57K $37.22 Direct F5
transaction SPSC Stock Option (right to buy) Options Exercise $0 -900 -15.7% $0.00 4.83K Nov 17, 2021 Common Stock 900 $51.80 Direct F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the weighted average price of 2,362 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on November 16, 2021 with sales prices ranging from $149.00 to $149.49 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.
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 2,866 shares of Common Stock held by the reporting person on August 22, 2019 became an option for 5,732 shares of Common Stock.
F3 This option was previously reported as an option for 2,866 shares of Common stock at an exercise price of $103.60 per share, but was adjusted to reflect the stock dividend declared by the Issuer on July 25, 2019.
F4 Reflects the weighted average price of 900 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on November 17, 2021 with sales prices ranging from $150.01 to $150.24 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.
F5 Fully vested.