SEC Form 4 · accession 0001209191-16-100073
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 14, 2016
Accepted (ET)
Feb 18, 2016 · 5:40 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 14, 2016 | A | 1,143 | $0.00 | A | 27,248 | D | |
| Common StockF2 | Feb 16, 2016 | F | 644 | $52.70 | D | 26,604 | D | |
| Common StockF3 | Feb 16, 2016 | F | 200 | $52.70 | D | 26,404 | 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
- F1On February 13, 2015, the Compensation Committee determined that performance based restricted stock units 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.
- F2Represents 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.
- F3Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of PRSUs granted in 2014.
- 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.