SPS COMMERCE INC — Director's Dealing 2020

Jul 29, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SPS COMMERCE INC (SPSC)
CIK: 0001092699
Period of Report: 2020-07-27

Reporting Person: SORAN PHILIP (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-07-27	Common Stock	M	7120	$8.33	Acquired	23030	Direct
2020-07-27	Common Stock	S	4450	$72.4981	Disposed	18580	Direct
2020-07-27	Common Stock	S	2670	$73.1943	Disposed	15910	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-07-27	Stock Option (right to buy)	$8.33	M	7120	Disposed	2021-05-17	Common Stock (7120)	Direct

Footnotes

F1: Stock option exercise and sale effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 14, 2020.

F2: Reflects the weighted average price of 4,450 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on July 27, 2020 with sales prices ranging from $71.92 to $72.915 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 2,670 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on July 27, 2020 with sales prices ranging from $72.94 to $73.44 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: Fully vested.