Tami Reller - Mar 6, 2023 Form 4 Insider Report for SPS COMMERCE INC (SPSC)

Role
Director
Signature
/s/ Jonathan R. Zimmerman, Attorney-in-Fact for Tami Reller
Stock symbol
SPSC
Transactions as of
Mar 6, 2023
Transactions value $
$521,075
Form type
4
Date filed
3/8/2023, 03:20 PM
Previous filing
Oct 19, 2022
Next filing
May 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPSC Common Stock Options Exercise $178K +6.79K +64.54% $26.14 17.3K Mar 6, 2023 Direct F1, F2
transaction SPSC Common Stock Options Exercise $344K +13.1K +75.9% $26.14 30.5K Mar 6, 2023 Direct F3, 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 -6.79K -100% $0.00* 0 Mar 6, 2023 Common Stock 6.79K $26.14 Direct F2, F5
transaction SPSC Stock Option (right to buy) Options Exercise $0 -13.1K -100% $0.00* 0 Mar 6, 2023 Common Stock 13.1K $26.14 Direct F4, 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 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 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 6,571 shares of Common Stock held by the reporting person on August 22, 2019 became an option for 13,142 shares of Common Stock.
F4 This option was previously reported as an option for 6,571 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.
F5 Fully vested.