SPS COMMERCE INC — Director's Dealing 2019

Feb 19, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SPS COMMERCE INC (SPSC)
CIK: 0001092699
Period of Report: 2019-02-14

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-02-14	Common Stock	S	317.3786	$102.8721	Disposed	90006.6214	Direct
2019-02-14	Common Stock	S	566.7475	$103.746	Disposed	89439.8739	Direct
2019-02-14	Common Stock	S	656.0669	$104.627	Disposed	88783.807	Direct
2019-02-14	Common Stock	S	164.5835	$105.4398	Disposed	88619.2235	Direct
2019-02-14	Common Stock	S	0.2267	$107.24	Disposed	88618.9968	Direct
2019-02-15	Common Stock	S	1159.984	$106.8426	Disposed	87459.0128	Direct
2019-02-15	Common Stock	S	2811.128	$107.8741	Disposed	84647.8848	Direct
2019-02-15	Common Stock	S	2305.887	$108.4763	Disposed	82341.9978	Direct

Footnotes

F1: Reflects the weighted average price of 317.3786 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 14, 2019 with sales prices ranging from $102.36 to $103.04 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.

F2: Reflects the weighted average price of 566.7475 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 14, 2019 with sales prices ranging from $103.41 to $104.38 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 656.0669 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 14, 2019 with sales prices ranging from $104.42 to $105.18 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 164.5835 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 14, 2019 with sales prices ranging from $105.42 to $105.50 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: Reflects the weighted average price of 1159.984 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 15, 2019 with sales prices ranging from $106.21 to $107.19 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.

F6: Reflects the weighted average price of 2,811.128 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 15, 2019 with sales prices ranging from $107.21 to $108.19 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.

F7: Reflects the weighted average price of 2,305.887 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 15, 2019 with sales prices ranging from $108.22 to $108.83 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.