SPS COMMERCE INC — Director's Dealing 2011

Feb 15, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SPS COMMERCE INC (SPSC)
CIK: 0001092699
Period of Report: 2011-02-11

Reporting Person: Black Archie C. (Director, President & CEO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-11	Employee Stock Option (right to buy)	$16.64	A	68645	Acquired	2021-02-10	Common Stock (68645)	Direct

Footnotes

F1: This Option vests as to 25% of the shares on the one year anniversary of the vesting commencement date. The remaining shares vest in a series of 36 successive equal monthly installments upon completion of each additional month of service.