FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5                       
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Nelson Kimberly K.
2. Issuer Name and Ticker or Trading Symbol

SPS COMMERCE INC [ SPSC ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
EVP & CFO
(Last)          (First)          (Middle)

333 SOUTH SEVENTH STREET, SUITE 1000
3. Date of Earliest Transaction (MM/DD/YYYY)

1/26/2022
(Street)

MINNEAPOLIS, MN 55402
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 1/26/2022  A  11228 (1)A$0.00 129830 D  
Common Stock 1/27/2022  S(2)  1590 D$113.7039 (3)128240 D  
Common Stock 1/27/2022  S(2)  1031 D$115.0358 (4)127209 D  
Common Stock 1/27/2022  S(2)  742 D$116.1909 (5)126467 D  
Common Stock 1/27/2022  S(2)  400 D$117.865 (6)126067 D  
Common Stock 1/27/2022  S(2)  200 D$118.995 (7)125867 D  
Common Stock         338.165 I By 401(k) Plan 

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares

Explanation of Responses:
(1) On February 19, 2019, the reporting person was granted performance stock units ("PSUs"), with the number of PSUs earned to be determined based on the extent to which certain performance conditions were achieved for a three-year performance period of 2019-2021. As determined on January 26, 2022, based on actual performance, the reporting person earned the number of PSUs indicated, which PSUs were fully vested on that date.
(2) Sales effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 24, 2021.
(3) Reflects the weighted average price of 1,590 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on January 27, 2022 with sales prices ranging from $113.32 to $114.24 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.
(4) Reflects the weighted average price of 1,031 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on January 27, 2022 with sales prices ranging from $114.53 to $115.44 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.
(5) Reflects the weighted average price of 742 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on January 27, 2022 with sales prices ranging from $115.65 to $116.54 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.
(6) Reflects the weighted average price of 400 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on January 27, 2022 with sales prices ranging from $117.38 to $118.35 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.
(7) Reflects the weighted average price of 200 shares of Common Stock of the Issuer sold by the reporting person in multiple transactions on January 27, 2022 with sales prices ranging from $118.99 to $119.00 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.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Nelson Kimberly K.
333 SOUTH SEVENTH STREET
SUITE 1000
MINNEAPOLIS, MN 55402


EVP & CFO

Signatures
/s/ Jonathan R. Zimmerman, attorney-in-fact for Kimberly K. Nelson1/28/2022
**Signature of Reporting PersonDate

SPS Commerce (NASDAQ:SPSC)
Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more SPS Commerce Charts.
SPS Commerce (NASDAQ:SPSC)
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more SPS Commerce Charts.