James J. Frome - 26 Jan 2022 Form 4 Insider Report for SPS COMMERCE INC (SPSC)

Signature
/s/ Jonathan R. Zimmerman, attorney-in-fact for James J. Frome
Issuer symbol
SPSC
Transactions as of
26 Jan 2022
Net transactions value
-$541,798
Form type
4
Filing time
28 Jan 2022, 15:17:33 UTC
Next filing
18 Feb 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPSC Common Stock Award $0 +12,832 +33% $0.000000 51,795 26 Jan 2022 Direct F1
transaction SPSC Common Stock Sale $205,667 -1,811 -3.5% $113.57 49,984 27 Jan 2022 Direct F2, F3
transaction SPSC Common Stock Sale $137,888 -1,200 -2.4% $114.91 48,784 27 Jan 2022 Direct F2, F4
transaction SPSC Common Stock Sale $81,011 -700 -1.4% $115.73 48,084 27 Jan 2022 Direct F2, F5
transaction SPSC Common Stock Sale $69,915 -598 -1.2% $116.91 47,486 27 Jan 2022 Direct F2, F6
transaction SPSC Common Stock Sale $35,418 -300 -0.63% $118.06 47,186 27 Jan 2022 Direct F2, F7
transaction SPSC Common Stock Sale $11,900 -100 -0.21% $119.00 47,086 27 Jan 2022 Direct F2
holding SPSC Common Stock 338 26 Jan 2022 By 401(k) Plan
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 19, 2019, the reporting person was granted performance stock units ("PSUs"), with the number of PSUs earned to be determined based on the extent to which certain performance conditions were achieved for a three-year performance period of 2019-2021. As determined on January 26, 2022, based on actual performance, the reporting person earned the number of PSUs indicated, which PSUs were fully vested on that date.
F2 Sales effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 7, 2021.
F3 Reflects the weighted average price of 1,811 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on January 27, 2022 with sales prices ranging from $113.15 to $114.05 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.
F4 Reflects the weighted average price of 1,200 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on January 27, 2022 with sales prices ranging from $114.39 to $115.36 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 Reflects the weighted average price of 700 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on January 27, 2022 with sales prices ranging from $115.41 to $116.21 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.
F6 Reflects the weighted average price of 598 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on January 27, 2022 with sales prices ranging from $116.46 to $117.40 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.
F7 Reflects the weighted average price of 300 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on January 27, 2022 with sales prices ranging from $117.49 to $118.35 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.