SEC Form 4 · accession 0001209191-16-117411
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
May 2, 2016
Accepted (ET)
May 4, 2016 · 4:38 pm EDT
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 | May 2, 2016 | M | 23,553 | $28.78 | A | 127,705 | D | |
| Common Stock | May 2, 2016 | D | 10,902 | $62.18 | D | 116,803 | D | |
| Common Stock | May 2, 2016 | F | 5,725 | $62.18 | D | 111,078 | D | |
| Common Stock | May 2, 2016 | M | 22,870 | $22.24 | A | 133,948 | D | |
| Common Stock | May 2, 2016 | D | 8,180 | $62.18 | D | 125,768 | D | |
| Common Stock | May 2, 2016 | F | 6,648 | $62.18 | D | 119,120 | D | |
| Common StockF3 | May 2, 2016 | S | 14,968 | $62.18 | 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 RightF4 | $28.78 | May 2, 2016 | M | 23,553 | D | — | Nov 13, 2018 | Common Stock | 23,553 | 0 | D |
| Performance Stock Appreciation RightF5 | $22.24 | May 2, 2016 | M | 22,870 | D | — | Nov 6, 2019 | Common Stock | 22,870 | 45,741 | D |
Explanation of responses
- F1Represents shares forfeited to the issuer in connection with the satisfaction of tax liabilities incurred upon the exercise of stock appreciation rights.
- F2Represents shares forfeited to the issuer in connection with the satisfaction of tax liabilities incurred upon the exercise of performance stock appreciation rights.
- F3This transaction was executed in multiple trades at prices ranging from $62.00 to $62.38. 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.
- F4Represents 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.
- F5Represents 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.