SEC Form 4 · accession 0001209191-16-125223
BLACKBAUD INC · BLKB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John J Mistretta
Officer — EVP of Human Resources
Period of report
May 31, 2016
Accepted (ET)
Jun 2, 2016 · 5:31 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 31, 2016 | M | 12,000 | $22.34 | A | 90,957 | D | |
| Common Stock | May 31, 2016 | D | 4,317 | $62.10 | D | 86,640 | D | |
| Common Stock | May 31, 2016 | F | 3,761 | $62.10 | D | 82,879 | D | |
| Common StockF2 | May 31, 2016 | S | 3,922 | $62.10 | D | 78,957 | 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 | $22.34 | May 31, 2016 | M | 12,000 | D | — | Nov 11, 2016 | Common Stock | 12,000 | 0 | D |
| Stock Appreciation RightF4 | $26.79 | holding | — | — | — | — | Nov 7, 2017 | Common Stock | 22,321 | 22,321 | D |
| Stock Appreciation RightF5 | $28.06 | holding | — | — | — | — | Nov 9, 2018 | Common Stock | 22,887 | 22,887 | D |
| Performance Stock Appreciation RightF6 | $22.24 | holding | — | — | — | — | Nov 5, 2019 | Common Stock | 80,504 | 80,504 | D |
Explanation of responses
- F1Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities upon the exercise of stock appreciation rights.
- F2This transaction was executed in multiple trades at prices ranging from $62.00 to $62.30. 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.
- F3Represents 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.
- F4Represents 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.
- F5Represents a stock appreciation right which vested in four equal annual installments beginning on November 10, 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.