SEC Form 4 · accession 0001209191-16-135889
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
Aug 4, 2016
Accepted (ET)
Aug 8, 2016 · 4:44 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 | Aug 4, 2016 | M | 7,000 | $22.34 | A | 33,404 | D | |
| Common Stock | Aug 4, 2016 | D | 2,339 | $66.86 | D | 31,065 | D | |
| Common Stock | Aug 4, 2016 | F | 2,282 | $66.86 | D | 28,783 | D | |
| Common StockF1 | Aug 4, 2016 | S | 4,500 | $66.88 | D | 24,283 | 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 RightF2 | $22.34 | Aug 4, 2016 | M | 7,000 | D | — | Nov 11, 2016 | Common Stock | 7,000 | 0 | D |
| Stock Appreciation RightF3 | $26.79 | holding | — | — | — | — | Nov 7, 2017 | Common Stock | 12,277 | 12,277 | D |
| Stock Appreciation RightF4 | $28.06 | holding | — | — | — | — | Nov 9, 2018 | Common Stock | 15,493 | 15,493 | D |
| Stock Appreciation RightF5 | $22.24 | holding | — | — | — | — | Nov 5, 2019 | Common Stock | 14,600 | 14,600 | D |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $66.70 to $67.00. 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 trades were effected.
- F2Represents 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.
- F3Represents 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.
- F4Represents 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.
- F5Represents 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.