SPS COMMERCE INC — Director's Dealing 2011

Jun 9, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SPS COMMERCE INC (SPSC)
CIK: 0001092699
Period of Report: 2011-06-07

Reporting Person: Frome James J. (EVP & Chief Strategy Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-06-07	Common Stock	M	7500	$3.0337	Acquired	7500	Direct
2011-06-07	Common Stock	S	7500	$18.00	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-06-07	Employee Stock Option (right to buy)	$3.0337	M	7500	Disposed	2011-10-05	Common Stock (7500)	Direct

Footnotes

F1: The sales reported in this Form 4 were effected pursuant to a Rule 10b-5 trading plan adopted by the reporting person.

F2: Fully vested.