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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1092699	Sps Commerce Inc	SPSC	Services-Prepackaged Software (7372)	411593154

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1054036	P L Capital Mezzanine Cid	201 West 103Rd Street Suite 200 Indianapolis IN 46290		No	No	Yes	No
1489869	Cid Mezzanine Partners, L.p.	201 West 103Rd Street Suite 200 Indianapolis IN 46290		No	No	Yes	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2010-04-27	1,575,829	$0.00	1,575,829	No	4	C	Indirect	By CID Mezzanine Capital, L.P.
Common Stock	Disposition	2010-04-27	427,189	$11.16	1,148,640	No	4	S	Indirect	By CID Mezzanine Capital, L.P.

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	C	Indirect	By CID Mezzanine Capital, L.P.
No	4	S	Indirect	By CID Mezzanine Capital, L.P.

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Series A Convertible Preferred Stock	Disposition	2010-04-27	82,102	$0.00	82,102	$0.00
Common Stock	Series B Convertible Preferred Stock	Disposition	2010-04-27	1,252,962	$0.00	1,252,962	$0.00
Common Stock	Series C Convertible Preferred Stock	Disposition	2010-04-27	240,765	$0.00	240,765	$0.00

Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
No	4	C	Indirect
No	4	C	Indirect
No	4	C	Indirect

Footnotes

The securities converted into the Issuer's Common Stock at a rate of one-for-one.
Represents securities held directly by CID Mezzanine Capital, L.P, which is managed by CID Mezzanine Partners, L.P. The reporting person may be deemed to be an indirect beneficial owner of the reported securities. The reporting person disclaims any beneficial ownership of the reported securities, except to the extent of any pecuniary interest therein. This report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
The securities do not have an expiration date. Each share of Series A, Series B and Series C Convertible Preferred Stock automatically converted into shares of Common Stock in connection with the closing of the Issuer's initial public offering on April 27, 2010. Prior to its conversion into the Issuer's Common Stock, the Series A, Series B and Series C Convertible Preferred Stock was convertible at any time at the option of the holder.