SPS COMMERCE INC — Director's Dealing 2012

Jun 13, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SPS COMMERCE INC (SPSC)
CIK: 0001092699
Period of Report: 2012-06-11

Reporting Person: Novak David J. Jr. (EVP of Business Develpmt)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-06-11	Common Stock	M	5000	$2.9213	Acquired	11319	Direct
2012-06-11	Common Stock	S	5000	$28.00	Disposed	6319	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-06-11	Employee Stock Option (right to buy)	$2.9213	M	5000	Disposed	2017-06-30	Common Stock (5000)	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.