Statement of Changes in Beneficial Ownership (4)
July 23 2020 - 4:59PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
MADDEN THOMAS J |
2. Issuer Name and Ticker or Trading Symbol
PFSWEB INC
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PFSW
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
CFO/Executive Vice President |
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(Last)
(First)
(Middle)
C/O PFSWEB, INC, 505 MILLENNIUM DRIVE |
3. Date of Earliest Transaction
(MM/DD/YYYY)
7/21/2020 |
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(Street)
ALLEN, TX 75013
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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| Common Stock (1) | 7/21/2020 | | M | | 15906 | A | (1) | 220384 | D | |
| Common Stock (2) | 7/21/2020 | | F | | 3873 | D | $6.68 | 216511 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code
(Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) | 8. Price of Derivative Security
(Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
| Restricted Stock Unit - 2019 LTI | (3) | 7/21/2020 | | M | | | 15906 | (3) | (3) | Common Stock | 15906.0 | (3) | 31810 | D | |
| Explanation of Responses: |
| (1) | Issuance of Common Stock upon partial settlement of previously awarded Restricted Stock Unit Award granted under the Company's Stock and Incentive Plan (the "Plan"). |
| (2) | Shares of Common Stock withheld by Issuer to satisfy tax withholding obligation. |
| (3) | Partial settlement of Restricted Stock Unit Award granted under the Plan whose remaining shares are subject to future vesting based on future service conditions and other terms and conditions of the Plan and the Restricted Stock Unit Award Agreement. |
Reporting Owners
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| Reporting Owner Name / Address | Relationships |
| Director | 10% Owner | Officer | Other |
MADDEN THOMAS J
C/O PFSWEB, INC
505 MILLENNIUM DRIVE
ALLEN, TX 75013 |
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| CFO/Executive Vice President |
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Signatures
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| /s/ Thomas J Madden | | 7/23/2020 |
| **Signature of Reporting Person | Date |
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