James Joseph Butler III - Nov 17, 2021 Form 4 Insider Report for PFSWEB INC (PFSW)

Role
Former EVP
Signature
/s/ Thomas J Madden by Power of Attorney
Stock symbol
PFSW
Transactions as of
Nov 17, 2021
Transactions value $
$1,250,000
Form type
4
Date filed
11/19/2021, 04:16 PM
Previous filing
Oct 4, 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PFSW Common Stock Options Exercise $1.25M +250K +79.51% $5.00 564K Nov 17, 2021 Direct F1

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 PFSW Option to purchase Options Exercise $0 +250K $0.00* 0 Nov 17, 2021 Common Stock 250K $5.00 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

James Joseph Butler III is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Exercise of stock options issued under the Company's Stock and Incentive Plan.
F2 The shares subject to the option vest as follows: 20% of the shares subject to the option vest on 12/31/2019 and the remaining shares vest 20% annually over the following 4 years.
F3 Remaining vesting schedule accelerated 8/25/2021 due to the sale of the LiveArea Business Unit.