SEC Form 4 · accession 0001209191-16-100061
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 16, 2016
Accepted (ET)
Feb 18, 2016 · 5:33 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 16, 2016 | F | 2,331 | $52.70 | D | 105,834 | D | |
| Common StockF2 | Feb 16, 2016 | F | 1,682 | $52.70 | D | 104,152 | 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 | $28.78 | holding | — | — | — | — | Nov 13, 2018 | Common Stock | 23,553 | 23,553 | D |
| Performance Stock Appreciation RightF4 | $22.24 | holding | — | — | — | — | Nov 6, 2019 | Common Stock | 68,611 | 68,611 | D |
Explanation of responses
- F1Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of performance based restricted stock units ("PRSUs") granted in 2015.
- F2Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of PRSUs granted in 2014.
- F3Represents 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.
- F4Represents 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.