SPS COMMERCE INC — Director's Dealing 2013

May 2, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SPS COMMERCE INC (SPSC)
CIK: 0001092699
Period of Report: 2013-04-30

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-04-30	Common Stock	M	11715	$0.3745	Acquired	24284	Direct
2013-04-30	Common Stock	S	9424	$47.3228	Disposed	14860	Direct
2013-04-30	Common Stock	S	2291	$48.0043	Disposed	12569	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-04-30	Employee Stock Option (right to buy)	$0.3745	M	11715	Disposed	2014-06-30	Common Stock (11715)	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: Reflects the weighted average price of 9,424 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on April 30, 2013 with sales prices ranging from $46.8800 to $47.8600 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased or sold at each separate price.

F3: Reflects the weighted average price of 2,291 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on April 30, 2013 with sales prices ranging from $47.8900 to $48.1082 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased or sold at each separate price.

F4: Fully vested.