-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 Pwb87pPil1mrbvwZZfcbVOc6iNt3PWXFEMjFerz6ceqxgo1mgtr4KhHJY+EsZ/NO
 d5oTPzYpsNJDOLSiAYrajg==

<SEC-DOCUMENT>0001209191-11-013897.txt : 20110301
<SEC-HEADER>0001209191-11-013897.hdr.sgml : 20110301
<ACCEPTANCE-DATETIME>20110301172554
ACCESSION NUMBER:		0001209191-11-013897
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20110228
FILED AS OF DATE:		20110301
DATE AS OF CHANGE:		20110301

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			ADAMS STREET PARTNERS LLC
		CENTRAL INDEX KEY:			0001193586
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34702
		FILM NUMBER:		11653133

	MAIL ADDRESS:	
		STREET 1:		ONE NORTH WACKER DRIVE
		STREET 2:		STE 2200
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606-2807

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SPS COMMERCE INC
		CENTRAL INDEX KEY:			0001092699
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PREPACKAGED SOFTWARE [7372]
		IRS NUMBER:				411593154

	BUSINESS ADDRESS:	
		STREET 1:		333 SOUTH SEVENTH STREET
		STREET 2:		SUITE 1000
		CITY:			MINNEAPOLIS
		STATE:			MN
		ZIP:			55402
		BUSINESS PHONE:		612-435-9400

	MAIL ADDRESS:	
		STREET 1:		333 SOUTH SEVENTH STREET
		STREET 2:		SUITE 1000
		CITY:			MINNEAPOLIS
		STATE:			MN
		ZIP:			55402

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			BVCF IV LP
		CENTRAL INDEX KEY:			0001072292
		STATE OF INCORPORATION:			DE

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34702
		FILM NUMBER:		11653132

	BUSINESS ADDRESS:	
		STREET 1:		ONE NORTH WACKER DRIVE, SUITE 2200
		STREET 2:		C/O ADAMS STREET PARTNERS
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606
		BUSINESS PHONE:		312-553-7890

	MAIL ADDRESS:	
		STREET 1:		ONE NORTH WACKER DRIVE, SUITE 2200
		STREET 2:		C/O ADAMS STREET PARTNERS
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>c13440_4x0.xml
<DESCRIPTION>MAIN DOCUMENT DESCRIPTION
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2011-02-28</periodOfReport>

    <issuer>
        <issuerCik>0001092699</issuerCik>
        <issuerName>SPS COMMERCE INC</issuerName>
        <issuerTradingSymbol>SPSC</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001193586</rptOwnerCik>
            <rptOwnerName>ADAMS STREET PARTNERS LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>ONE NORTH WACKER DRIVE</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 2200</rptOwnerStreet2>
            <rptOwnerCity>CHICAGO</rptOwnerCity>
            <rptOwnerState>IL</rptOwnerState>
            <rptOwnerZipCode>60606-2823</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001072292</rptOwnerCik>
            <rptOwnerName>BVCF IV LP</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>ONE NORTH WACKER DRIVE</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 2200</rptOwnerStreet2>
            <rptOwnerCity>CHICAGO</rptOwnerCity>
            <rptOwnerState>IL</rptOwnerState>
            <rptOwnerZipCode>60606-2823</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2011-02-28</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>136940</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>15.50</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1204327</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By BVCF IV, L.P.</value>
                    <footnoteId id="F1"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable></derivativeTable>

    <footnotes>
        <footnote id="F1">Represents securities held directly by BVCF IV, L.P. Adams Street Partners, LLC, the sole general partner of BVCF IV, L.P., is deemed to have sole voting and investment power over the shares. Adams Street Partners, LLC 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 Adams Street Partners, LLC is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Adams Street Partners, LLC - Timothy R.M. Bryant - General Counsel</signatureName>
        <signatureDate>2011-03-01</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>BVCF IV, L.P. By: Adams Street Partners, LLC, its general partner - Timothy R.M. Bryant - General Counsel</signatureName>
        <signatureDate>2011-03-01</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
