SEC Form 4 · accession 0001209191-16-098907
BLACKBAUD INC · BLKB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jon W Olson
Officer — SVP and General Counsel
Period of report
Feb 11, 2016
Accepted (ET)
Feb 16, 2016 · 5:53 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 | 8,240 | $0.00 | A | 20,967 | D | |
| Common StockF2 | Feb 13, 2016 | A | 5,704 | $0.00 | A | 26,671 | D | |
| Common StockF3 | Feb 16, 2016 | F | 566 | $52.70 | D | 26,105 | 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 RightF4 | $22.34 | holding | — | — | — | — | Nov 11, 2016 | Common Stock | 7,000 | 7,000 | D |
| Stock Appreciation RightF5 | $26.79 | holding | — | — | — | — | Nov 7, 2017 | Common Stock | 12,277 | 12,277 | D |
| Stock Appreciation RightF6 | $28.06 | holding | — | — | — | — | Nov 9, 2018 | Common Stock | 15,493 | 15,493 | D |
| Stock Appreciation RightF7 | $22.24 | holding | — | — | — | — | Nov 5, 2019 | Common Stock | 14,600 | 14,600 | 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 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.
- F3Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of restricted stock granted February 13, 2015.
- 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 stock appreciation right which vests in four equal annual installments beginning on November 6, 2013, subject to continued employment, and shall be settled in stock at time of exercise.