SPS COMMERCE INC — Director's Dealing 2013

Feb 15, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SPS COMMERCE INC (SPSC)
CIK: 0001092699
Period of Report: 2013-02-13

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-02-13	Common Stock	M	5744	$0.3745	Acquired	30393	Direct
2013-02-13	Common Stock	S	5744	$37.0877	Disposed	24649	Direct
2013-02-14	Common Stock	M	72	$0.3745	Acquired	24721	Direct
2013-02-14	Common Stock	M	2651	$0.3745	Acquired	27372	Direct
2013-02-14	Common Stock	M	6331	$0.3745	Acquired	33703	Direct
2013-02-14	Common Stock	S	9054	$37.7093	Disposed	24649	Direct
2013-02-15	Common Stock	M	10614	$0.3745	Acquired	35263	Direct
2013-02-15	Common Stock	S	10614	$37.6948	Disposed	24649	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-02-13	Employee Stock Option (right to buy)	$0.3745	M	5744	Disposed	2014-06-30	Common Stock (5744)	Direct
2013-02-14	Employee Stock Option (right to buy)	$0.3745	M	72	Disposed	2014-06-30	Common Stock (72)	Direct
2013-02-14	Employee Stock Option (right to buy)	$0.3745	M	2651	Disposed	2014-12-31	Common Stock (2651)	Direct
2013-02-14	Employee Stock Option (right to buy)	$0.3745	M	6331	Disposed	2016-03-31	Common Stock (6331)	Direct
2013-02-15	Employee Stock Option (right to buy)	$0.3745	M	10614	Disposed	2016-03-31	Common Stock (10614)	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: Reflects the weighted average price of $37.0877 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 13, 2013 with sales prices ranging from $36.70 to $37.64 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.

F2: Reflects the weighted average price of $37.7093 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 14, 2013 with sales prices ranging from $37.12 to $37.93 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 $37.6948 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 15, 2013 with sales prices ranging from $37.10 to $37.98 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.

F5: The Form 4 filed on December 14, 2012 erroneously reported the exercise of securities from this grant thereby incorrectly reporting the number of derivitive securities remaining under this employee stock option. The Amended Form 4 to correct the error was filed on February 15, 2013.