SEC Form 4 · accession 0001209191-16-149199
BLACKBAUD INC · BLKB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kevin W Mooney
Officer — EVP, Pres Gen Markets Group
Period of report
Nov 7, 2016
Accepted (ET)
Nov 9, 2016 · 9:39 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 | Nov 7, 2016 | F | 1,380 | $58.83 | D | 72,797 | D | |
| Common StockF2 | Nov 7, 2016 | F | 1,590 | $58.83 | D | 71,207 | D | |
| Common Stock | Nov 7, 2016 | M | 8,371 | $26.79 | A | 79,578 | D | |
| Common Stock | Nov 7, 2016 | D | 3,694 | $60.72 | D | 75,884 | D | |
| Common StockF3 | Nov 7, 2016 | F | 2,290 | $60.72 | D | 73,594 | D | |
| Common Stock | Nov 7, 2016 | M | 7,042 | $28.06 | A | 80,636 | D | |
| Common Stock | Nov 7, 2016 | D | 3,255 | $60.72 | D | 77,381 | D | |
| Common StockF3 | Nov 7, 2016 | F | 1,855 | $60.72 | D | 75,526 | D | |
| Common StockF4 | Nov 7, 2016 | S | 4,319 | $60.85 | D | 71,207 | 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 RightF5 | $26.79 | Nov 7, 2016 | M | 8,371 | D | — | Nov 7, 2017 | Common Stock | 8,371 | 0 | D |
| Stock Appreciation RightF6 | $28.06 | Nov 7, 2016 | M | 7,042 | D | — | Nov 9, 2018 | Common Stock | 7,042 | 7,043 | D |
| Performance Stock Appreciation RightF7 | $22.24 | holding | — | — | — | — | Nov 5, 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 restricted stock granted November 6, 2012.
- F2Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of restricted stock granted November 6, 2013.
- F3Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the exercise of stock appreciation rights.
- F4This transaction was executed in multiple trades at prices ranging from $60.67 to $60.97. 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.
- 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 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.
- F7Represents a performance stock appreciation right ("PSAR") which vested 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 be settled in stock at the time of exercise.