SEC Form 4 · accession 0001209191-17-010136
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
Feb 9, 2017
Accepted (ET)
Feb 13, 2017 · 5:53 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 | 7,161 | $26.79 | A | 83,273 | D | |
| Common Stock | Feb 9, 2017 | D | 2,742 | $69.99 | D | 80,531 | D | |
| Common StockF1 | Feb 9, 2017 | F | 1,585 | $69.99 | D | 78,946 | D | |
| Common StockF3 | Feb 9, 2017 | S | 5,313 | $70.35 | D | 73,633 | D | |
| Common StockF4 | Feb 9, 2017 | S | 1,560 | $71.74 | D | 72,073 | 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 | Feb 9, 2017 | M | 7,161 | D | — | Nov 7, 2017 | Common Stock | 7,161 | 0 | D |
| Stock Appreciation RightF6 | $28.06 | holding | — | — | — | — | Nov 9, 2018 | Common Stock | 22,887 | 22,887 | D |
| Performance Stock Appreciation RightF7 | $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 exercise and sale was effected pursuant to a Rule 10b5-1 trading plan executed by the reporting person on November 30, 2016 and effective on December 5, 2016.
- F3This transaction was executed in multiple trades at prices ranging from $69.99 to $70.75. 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 $71.19 to $71.75. 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.