James B. Ramsey - Mar 1, 2022 Form 4 Insider Report for SPS COMMERCE INC (SPSC)

Role
Director
Signature
/s/ Jonathan R. Zimmerman, Attorney-in-Fact for James B. Ramsey
Stock symbol
SPSC
Transactions as of
Mar 1, 2022
Transactions value $
-$413,566
Form type
4
Date filed
3/3/2022, 05:09 PM
Previous filing
May 25, 2021
Next filing
May 19, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPSC Common Stock Options Exercise $152K +4.51K +35.09% $33.69 17.3K Mar 1, 2022 Direct F1, F2
transaction SPSC Common Stock Sale -$250K -2.01K -11.56% $124.91 15.3K Mar 1, 2022 Direct F3
transaction SPSC Common Stock Sale -$302K -2.4K -15.65% $125.88 12.9K Mar 1, 2022 Direct F4
transaction SPSC Common Stock Sale -$12.7K -100 -0.77% $126.81 12.8K Mar 1, 2022 Direct

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 -4.51K -100% $0.00* 0 Mar 1, 2022 Common Stock 4.51K $33.69 Direct F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 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.
F3 Reflects the weighted average price of 2,005 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on March 1, 2022 with sales prices ranging from $124.475 to $125.405 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 2,401 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on March 1, 2022 with sales prices ranging from $125.62 to $126.555 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.