SPS COMMERCE INC — Director's Dealing 2018

Nov 9, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SPS COMMERCE INC (SPSC)
CIK: 0001092699
Period of Report: 2018-11-07

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-11-07	Common Stock	M	31932	$39.01	Acquired	122256	Direct
2018-11-07	Common Stock	S	15853	$95.7021	Disposed	106403	Direct
2018-11-07	Common Stock	S	14553	$96.3106	Disposed	91850	Direct
2018-11-07	Common Stock	S	1526	$97.3448	Disposed	90324	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-11-07	Employee Stock Option (right to buy)	$39.01	M	31932	Disposed	2023-02-08	Common Stock (31932)	Direct

Footnotes

F1: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 30, 2018.

F2: Reflects the weighted average price of 15,853 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on November 7, 2018 with sales prices ranging from $95.00 to $95.97 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 14,553 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on November 7, 2018 with sales prices ranging from $96.00 to $96.78 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: Reflects the weighted average price of 1,526 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on November 7, 2018 with sales prices ranging from $97.14 to $97.43 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.

F5: Fully vested.