SEC Form 4 · accession 0001209191-17-002464
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
Jan 3, 2017
Accepted (ET)
Jan 5, 2017 · 9:38 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 Stock | Jan 3, 2017 | M | 22,870 | $22.24 | A | 94,077 | D | |
| Common Stock | Jan 3, 2017 | D | 7,948 | $64.00 | D | 86,129 | D | |
| Common StockF1 | Jan 3, 2017 | F | 5,222 | $64.00 | D | 80,907 | D | |
| Common StockF3 | Jan 3, 2017 | S | 8,400 | $64.97 | D | 72,507 | D | |
| Common StockF4 | Jan 3, 2017 | S | 1,300 | $65.55 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Stock Appreciation RightF5 | $22.24 | Jan 3, 2017 | M | 22,870 | D | — | Nov 5, 2019 | Common Stock | 22,870 | 45,741 | D |
| Stock Appreciation RightF6 | $28.06 | holding | — | — | — | — | Nov 9, 2018 | Common Stock | 7,043 | 7,043 | D |
Explanation of responses
- F1Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the exercise of performance stock appreciation rights.
- F2This exercise and sale was effected pursuant to a Rule 10b5-1 trading plan executed by the reporting person on November 28, 2016 and effective on January 3, 2017.
- F3This transaction was executed in multiple trades at prices ranging from $64.43 to $65.42. 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.
- F4This transaction was executed in multiple trades at prices ranging from $65.45 to $65.66. 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 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.
- 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.