SPS COMMERCE INC — Director's Dealing 2020

Feb 24, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SPS COMMERCE INC (SPSC)
CIK: 0001092699
Period of Report: 2020-02-20

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-20	Common Stock	S	7505	$56.974	Disposed	94469	Direct
2020-02-20	Common Stock	S	1400	$58.347	Disposed	93069	Direct
2020-02-21	Common Stock	A	14417	$0.00	Acquired	107486	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	211.338	Indirect

Footnotes

F1: Sales effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 20, 2019.

F2: Reflects the weighted average price of 7,505 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 20, 2020 with sales prices ranging from $56.69 to $57.65 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 1,400 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on February 20, 2020 with sales prices ranging from $57.76 to $58.61 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: This reflects a restricted stock unit award. Each restricted stock unit represents a contingent right to receive one share of SPS Commerce, Inc. common stock. RSUs vest as to 25% of the units on February 21, 2021. The remaining units vest in a series of 36 successive equal monthly installments upon completion of each additional month of service (commencing on March 21, 2021).