SPS COMMERCE INC — Director's Dealing 2019

Feb 20, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SPS COMMERCE INC (SPSC)
CIK: 0001092699
Period of Report: 2019-02-15

Reporting Person: Nelson Kimberly K. (EVP & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-02-15	Common Stock	S	2290	$107.8863	Disposed	45372	Direct
2019-02-19	Common Stock	A	5583	$0.00	Acquired	50955	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-02-19	Employee Stock Option (right to buy)	$109.07	A	8800	Acquired	2026-02-19	Common Stock (8800)	Direct

Footnotes

F1: Sales effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 14, 2018.

F2: Reflects the weighted average price of 2,290 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 15, 2019 with sales prices ranging from $107.82 to $108.01 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: Options vest as to 25% of the shares on February 19, 2020. The remaining shares vest in a series of 36 successive equal monthly installments upon completion of each additional month of service (commencing on March 19, 2020).