SPS COMMERCE INC — Director's Dealing 2014

Feb 26, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SPS COMMERCE INC (SPSC)
CIK: 0001092699
Period of Report: 2014-02-24

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-02-24	Common Stock	S	2358	$63.9322	Disposed	13870	Direct
2014-02-24	Common Stock	S	728	$64.5539	Disposed	13142	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 2,358 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 24, 2014 with sales prices ranging from $63.41 to $64.33 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 728 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 24, 2014 with sales prices ranging from $64.41 to $64.63 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.