SEC Form 4 · accession 0001209191-17-011158
BLACKBAUD INC · BLKB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Anthony W Boor
Officer — CFO & Exec VP of Fin. & Admin.
Period of report
Feb 13, 2017
Accepted (ET)
Feb 15, 2017 · 5:26 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 | Feb 13, 2017 | F | 1,940 | $70.74 | D | 91,120 | D | |
| Common StockF2 | Feb 13, 2017 | F | 2,567 | $70.74 | D | 88,553 | D | |
| Common StockF3 | Feb 14, 2017 | A | 24,720 | $0.00 | A | 113,273 | D | |
| Common StockF4 | Feb 14, 2017 | F | 2,582 | $71.66 | D | 110,691 | D | |
| Common StockF5 | Feb 14, 2017 | F | 3,442 | $71.66 | D | 107,249 | D | |
| Common StockF6 | Feb 14, 2017 | S | 7,682 | $71.42 | D | 99,567 | D | |
| Common StockF7 | Feb 14, 2017 | S | 2,231 | $71.96 | D | 97,336 | 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 RightF8 | $22.24 | holding | — | — | — | — | Nov 6, 2019 | Common Stock | 45,741 | 45,741 | 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 ("RS") granted February 11, 2016.
- F2Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of performance restricted stock units ("PRSUs") granted February 11, 2016.
- F3On February 14, 2017, the Compensation Committee determined that PRSUs granted in 2016 would vest in three equal annual installments beginning on February 14, 2017 based on the Issuer achieving performance goals for the period ended December 31, 2016.
- F4Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of RS granted February 13, 2015.
- F5Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of PRSUs granted February 13, 2015.
- F6This transaction was executed in multiple trades at prices ranging from $70.85 to $71.84. 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.
- F7This transaction was executed in multiple trades at prices ranging from $71.86 to $72.08. 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.
- F8Represents 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.