SPS COMMERCE INC — Director's Dealing 2014

May 19, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SPS COMMERCE INC (SPSC)
CIK: 0001092699
Period of Report: 2014-05-15

Reporting Person: Gorman Michael B (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-05-15	Common Stock	A	892	$0.00	Acquired	23363	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-05-15	Stock Option (Right to Buy)	$51.74	A	2810	Acquired	2021-05-14	Common Stock (2810)	Direct

Footnotes

F1: This reflects a restricted stock award. The shares subject to this award will vest in four equal installments on the last day of each fiscal quarter with the first vesting occurring on June 30, 2014, provided the recipient remains a member of the board as of the vesting date.

F2: Shares subject to this Option vest in four equal installments on the last day of each fiscal quarter with the first vesting occurring on June 30, 2014, provided the reporting person remains a member of the board as of the vesting date.