SEC Form 4 · accession 0001209191-17-010131

BLACKBAUD INC · BLKB

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — EVP Corp. & Prod. Strategy

Period of report

Feb 9, 2017

Accepted (ET)

Feb 13, 2017 · 5:51 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	Feb 9, 2017	M	21,590	$22.24	A	80,502	D
Common Stock	Feb 9, 2017	D	6,716	$71.50	D	73,786	D
Common Stock^F1	Feb 9, 2017	F	7,191	$71.50	D	66,595	D
Common Stock	Feb 9, 2017	S	7,683	$71.50	D	58,912	D
Common Stock	holding	—	—		—	2,100	I	By Chelsea Michelle Cumbaa Irrevocable Trust
Common Stock	holding	—	—		—	2,100	I	By Alexander Thomas Cumbaa Irrevocable Trust

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Performance Stock Appreciation Right^F3	$22.24	Feb 9, 2017	M	21,590	D	—	Nov 5, 2019	Common Stock	21,590	43,179	D

F1Represents shares forfeited to the company 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 19, 2016 and effective on January 3, 2017.
F3Represents 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.