Philip E. Soran - 05 Aug 2022 Form 4 Insider Report for SPS COMMERCE INC (SPSC)

Role
Director
Signature
/s/ Jonathan R. Zimmerman, Attorney-in-Fact for Philip Soran
Issuer symbol
SPSC
Transactions as of
05 Aug 2022
Net transactions value
-$597,196
Form type
4
Filing time
09 Aug 2022, 18:34:21 UTC
Previous filing
05 Jul 2022
Next filing
12 Sep 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPSC Common Stock Options Exercise $151,403 +5,792 +33% $26.14 23,476 05 Aug 2022 Direct F1, F2
transaction SPSC Common Stock Sale $114,566 -900 -3.8% $127.30 22,576 05 Aug 2022 Direct F3
transaction SPSC Common Stock Sale $179,776 -1,403 -6.2% $128.14 21,173 05 Aug 2022 Direct F4
transaction SPSC Common Stock Sale $141,828 -1,097 -5.2% $129.29 20,076 05 Aug 2022 Direct F5
transaction SPSC Common Stock Sale $216,634 -1,662 -8.3% $130.35 18,414 05 Aug 2022 Direct F6
transaction SPSC Common Stock Sale $95,794 -730 -4% $131.22 17,684 05 Aug 2022 Direct F7

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 -5,792 -85% $0.000000 1,000 05 Aug 2022 Common Stock 5,792 $26.14 Direct F2, F8
* 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 3,396 shares of Common Stock held by the reporting person on August 22, 2019 became an option for 6,792 shares of Common Stock.
F2 This option was previously reported as an option for 3,396 shares of Common stock at an exercise price of $52.27 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 900 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on August 5, 2022 with sales prices ranging from $126.62 to $127.61 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.
F4 Reflects the weighted average price of 1,403 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on August 5, 2022 with sales prices ranging from $127.76 to $128.72 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 1,097 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on August 5, 2022 with sales prices ranging from $128.77 to $129.67 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 1,662 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on August 5, 2022 with sales prices ranging from $130.00 to $130.96 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 730 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on August 5, 2022 with sales prices ranging from $131.08 to $131.36 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.
F8 Fully vested.