SEC Form 4 · accession 0001209191-16-098850
BLACKBAUD INC · BLKB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Anthony W Boor
Officer — CFO & Exec VP of Fin. & Admin.
Period of report
Feb 11, 2016
Accepted (ET)
Feb 16, 2016 · 5:17 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 StockF1 | Feb 11, 2016 | A | 24,720 | $0.00 | A | 77,009 | D | |
| Common StockF2 | Feb 13, 2016 | A | 22,815 | $0.00 | A | 99,824 | D | |
| Common StockF3 | Feb 14, 2016 | A | 10,974 | $0.00 | A | 110,798 | D | |
| Common StockF4 | Feb 16, 2016 | F | 2,633 | $52.70 | D | 108,165 | 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 RightF5 | $28.78 | holding | — | — | — | — | Nov 13, 2018 | Common Stock | 23,553 | 23,553 | D |
| Performance Stock Appreciation RightF6 | $22.24 | holding | — | — | — | — | Nov 6, 2019 | Common Stock | 68,611 | 68,611 | D |
Explanation of responses
- F1Represents a restricted stock award which vests in four equal annual installments beginning on February 11, 2017, subject to continued employment.
- F2On February 11, 2016, the Compensation Committee determined that performance based restricted stock units ("PRSUs") granted in 2015 would vest in three equal annual installments beginning on February 13, 2016 based on the Issuer achieving performance goals for the period ended December 31, 2015.
- F3On February 13, 2015, the Compensation Committee determined that PRSUs granted in 2014 (the "2014 PRSUs") would vest in three equal annual installments beginning on February 14, 2015 based on the Issuer achieving performance goals for the period ended December 31, 2014. The remaining 2014 PRSUs as reported in this Form 4 vest one half immediately and one half on February 14, 2017.
- F4Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of restricted stock granted February 13, 2015.
- F5Represents a stock appreciation right which vests in four equal annual installments beginning on November 14, 2012, subject to continued employment, and shall be settled in stock at time of exercise.
- F6Represents 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.