X0203 3/A 2010-04-21 2010-04-22 0 0001092699 SPS COMMERCE INC spsc 0001193586 ADAMS STREET PARTNERS LLC ONE NORTH WACKER DRIVE STE 2200 CHICAGO IL 60606-2807 0 0 1 0 0001072292 BVCF IV LP ONE NORTH WACKER DRIVE, SUITE 2200 C/O ADAMS STREET PARTNERS CHICAGO IL 60606 0 0 1 0 Common Stock 23441 I By BVCF IV, L.P. Series A Convertible Preferred Stock 0 Common Stock 211769 I By BVCF IV, L.P. Series B Convertible Preferred Stock 0 Common Stock 1180131 I By BVCF IV, L.P. Series C Convertible Preferred Stock 0 Common Stock 66750 I By BVCF IV, L.P. The reported securities are owned directly by BVCF IV, L.P. and indirectly by Adams Street Partners, LLC, as general partner of BVCF IV, L.P. Adams Street Partners, LLC is deemed to have sole voting and investment power over the shares, but disclaims beneficial ownership of these securities except to the extent of its 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. Each share of Series A, Series B and Series C Convertible Preferred Stock is convertible at any time at the option of the holder and will automactically convert into shares of the Issuer's Common Stock on a one-for-one basis in connection with the closing of the Issuer's initial public offering. The securities do not have an expiration date. The securities will automatically convert into share of the Issuer's Common Stock on one-for-one basis in connection with the closing of the Issuer's initial public offering. /s/ Jeffrey T. Diehl - Partner - Adams Street Partners, LLC 2010-04-23 /s/ Jeffrey T. Diehl - Partner - Adams Street Partners, LLC, as general partner of BVCF IV, L.P. 2010-04-23