SPS COMMERCE INC — Director's Dealing 2018

Aug 17, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SPS COMMERCE INC (SPSC)
CIK: 0001092699
Period of Report: 2018-08-15

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-08-15	Common Stock	M	31521	$25.32	Acquired	121845	Direct
2018-08-15	Common Stock	S	26921	$90.6265	Disposed	94924	Direct
2018-08-15	Common Stock	S	4000	$91.9295	Disposed	90924	Direct
2018-08-15	Common Stock	S	600	$92.8333	Disposed	90324	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-08-15	Employee Stock Option (right to buy)	$25.32	M	31521	Disposed	2022-02-09	Common Stock (31521)	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 10b5-1 trading plan adopted by the reporting person on June 4, 2018.

F2: Reflects the weighted average price of 26,921 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on August 15, 2018 with sales prices ranging from $90.66 to $91.65 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 4,000 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on August 15, 2018 with sales prices ranging from $91.68 to $92.66 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 600 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on August 15, 2018 with sales prices ranging from $92.76 to $93.20 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.