SEC Form 4 · accession 0001209191-15-016058
BLACKBAUD INC · BLKB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brad John Holman
Officer — Pres Int'l Business Unit
Period of report
Feb 17, 2015
Accepted (ET)
Feb 19, 2015 · 4:38 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001280058
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 17, 2015 | M | 5,581 | $26.79 | A | 44,049 | D | |
| Common Stock | Feb 17, 2015 | M | 5,722 | $28.06 | A | 49,771 | D | |
| Common Stock | Feb 17, 2015 | S | 10,249 | $44.55 | D | 39,522 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation RightF1 | $26.79 | Feb 17, 2015 | M | 5,581 | D | — | Nov 7, 2017 | Common Stock | 5,581 | 0 | D |
| Stock Appreciation RightF2 | $28.06 | Feb 17, 2015 | M | 5,722 | D | — | Nov 9, 2018 | Common Stock | 5,722 | 5,722 | D |
| Performance Stock Appreciation RightF3 | $22.24 | holding | — | — | — | — | Nov 5, 2019 | Common Stock | 40,252 | 40,252 | D |
Explanation of responses
- F1Represents a stock appreciation right which vested in four equal annual installments beginning on November 8, 2011, subject to continued employment and an exercise price less than the closing price of the Issuer's common stock on each vesting date. The stock appreciation right shall be settled in stock at the time of exercise.
- F2Represents a stock appreciation right which vests in four equal annual installments beginning on November 10, 2012, subject to continued employment and an exercise price less than the closing price of the Issuer's common stock on each vesting date. The stock appreciation right shall be settled in stock at the time of exercise.
- F3Represents a performance stock appreciation right ("PSAR") which vests in four equal annual installments beginning on November 6, 2013 since the Issuer maintained a 25% increase in its stock price over $22.24 for 30 consecutive days prior to November 6, 2013. The PSARs shall only vest subject to continued employment and shall be settled in stock at the time of exercise.