Novak David J. Jr. 4
4 · SPS COMMERCE INC · Filed Feb 17, 2012
Insider Transaction Report
Form 4
SPS COMMERCE INCSPSC
Novak David J. Jr.
EVP of Business Develpmt
Transactions
- Exercise/Conversion
Employee Stock Option (right to buy)
2012-02-10+15,968→ 15,968 totalExercise: $25.32Exp: 2022-02-09→ Common Stock (15,968 underlying) - Award
Common Stock
2012-02-10+6,319→ 6,319 total
Footnotes (2)
- [F1]This reflects a restricted stock unit award. Each restricted stock unit represents a contingent right to receive one share of SPS Commerce, Inc. common stock. The restricted stock units vest as to (i) 1/4th of the Shares subject to this award on February 10, 2013 and (ii) 1/36th of the remaining Shares subject to this award on the 1st day of each month, commencing March 1, 2013.
- [F2]This Option vests as to (i) 1/4th of the Shares subject to this Option on February 10, 2013 and (ii) 1/36th of the remaining Shares subject to this Option on the 1st day of each month, commencing on March 1, 2013.