SPS COMMERCE INC — Director's Dealing 2021

Nov 18, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SPS COMMERCE INC (SPSC)
CIK: 0001092699
Period of Report: 2021-11-16

Reporting Person: WEHRWEIN SVEN (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-11-16	Common Stock	M	792	$26.14	Acquired	17638	Direct
2021-11-16	Common Stock	M	1570	$37.22	Acquired	19208	Direct
2021-11-16	Common Stock	S	2362	$149.2941	Disposed	16846	Direct
2021-11-17	Common Stock	M	900	$51.80	Acquired	17746	Direct
2021-11-17	Common Stock	S	900	$150.1294	Disposed	16846	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-11-16	Stock Option (right to buy)	$26.14	M	792	Disposed	2023-05-18	Common Stock (792)	Direct
2021-11-16	Stock Option (right to buy)	$37.22	M	1570	Disposed	2025-05-31	Common Stock (1570)	Direct
2021-11-17	Stock Option (right to buy)	$51.80	M	900	Disposed	2026-05-14	Common Stock (900)	Direct

Footnotes

F1: Reflects the weighted average price of 2,362 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on November 16, 2021 with sales prices ranging from $149.00 to $149.49 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: On July 25, 2019, the Issuer announced that its board of directors declared a two-for-one stock split of the Common Stock of the Issuer, effected in the form of a 100 percent stock dividend as of the record date on August 8, 2019. The stock split dividend was distributed on August 22, 2019, and at that time pursuant to anti-dilution provisions of the Issuer's 2010 Equity Incentive Plan, an option for 2,866 shares of Common Stock held by the reporting person on August 22, 2019 became an option for 5,732 shares of Common Stock.

F3: This option was previously reported as an option for 2,866 shares of Common stock at an exercise price of $103.60 per share, but was adjusted to reflect the stock dividend declared by the Issuer on July 25, 2019.

F4: Reflects the weighted average price of 900 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on November 17, 2021 with sales prices ranging from $150.01 to $150.24 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.