SEC Form 4 · accession 0001209191-15-021233
BLACKBAUD INC · BLKB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John J Mistretta
Officer — Senior VP of Human Resources
Period of report
Feb 27, 2015
Accepted (ET)
Mar 3, 2015 · 4:16 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 27, 2015 | M | 5,418 | $12.40 | A | 53,547 | D | |
| Common Stock | Feb 27, 2015 | D | 1,476 | $45.52 | D | 52,071 | D | |
| Common Stock | Feb 27, 2015 | F | 1,670 | $45.52 | D | 50,401 | D | |
| Common StockF2 | Feb 27, 2015 | S | 2,272 | $45.48 | D | 48,129 | 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 RightF3 | $12.40 | Feb 27, 2015 | M | 5,418 | D | — | Nov 8, 2015 | Common Stock | 5,418 | 5,416 | D |
| Stock Appreciation RightF4 | $22.34 | holding | — | — | — | — | Nov 11, 2016 | Common Stock | 22,000 | 22,000 | D |
| Stock Appreciation RightF5 | $26.79 | holding | — | — | — | — | Nov 7, 2017 | Common Stock | 22,321 | 22,321 | D |
| Stock Appreciation RightF6 | $28.06 | holding | — | — | — | — | Nov 9, 2018 | Common Stock | 22,887 | 22,887 | D |
| Performance Stock Appreciation RightF7 | $22.24 | holding | — | — | — | — | Nov 5, 2019 | Common Stock | 80,504 | 80,504 | D |
Explanation of responses
- F1Represents shares forfeited to the Company in connection with the satisfaction of tax liabilities upon the exercise of stock appreciation rights.
- F2This transaction was executed in multiple trades at prices ranging from $45.45 to $45.52. The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transactions were effected.
- F3Represents a stock appreciation right which vested in four equal installments beginning on November 7, 2009, subject to continued employment, and shall be settled in stock at time of exercise.
- F4Represents a stock appreciation right which vested in four equal annual installments beginning on November 10, 2010, subject to continued employment, and shall be settled in stock at time of exercise.
- F5Represents a stock appreciation right which vested in four equal annual installments beginning on November 8, 2011, subject to continued employment, and shall be settled in stock at time of exercise.
- F6Represents a stock appreciation right which vests in four equal annual installments beginning on November 10, 2012, subject to continued employment, and shall be settled in stock at time of exercise.
- F7Represents 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.