SPS COMMERCE INC — Director's Dealing 2013

Mar 25, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SPS COMMERCE INC (SPSC)
CIK: 0001092699
Period of Report: 2013-03-21

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-03-21	Common Stock	M	183	$0.3745	Acquired	24832	Direct
2013-03-21	Common Stock	S	183	$39.90	Disposed	24649	Direct
2013-03-22	Common Stock	M	9572	$0.3745	Acquired	34221	Direct
2013-03-22	Common Stock	S	9572	$39.9584	Disposed	24649	Direct
2013-03-25	Common Stock	M	245	$0.3745	Acquired	24894	Direct
2013-03-25	Common Stock	S	245	$39.93	Disposed	24649	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-03-21	Employee Stock Option (Right to Buy)	$0.3745	M	183	Disposed	2016-03-31	Common Stock (183)	Direct
2013-03-22	Employee Stock Option (Right to Buy)	$0.3745	M	9572	Disposed	2016-03-31	Common Stock (9572)	Direct
2013-03-25	Employee Stock Option (Right to Buy)	$0.3745	M	245	Disposed	2016-03-31	Common Stock (245)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	200	Indirect
Common Stock	200	Indirect
Common Stock	200	Indirect
Common Stock	200	Indirect

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 9,572 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on March 22, 2013 with sales prices ranging from $39.90 to $40.15 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: Fully vested.