SEC Form 4 · accession 0001209191-17-011162
BLACKBAUD INC · BLKB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Charles T Cumbaa
Officer — EVP Corp. & Prod. Strategy
Period of report
Feb 14, 2017
Accepted (ET)
Feb 15, 2017 · 5:29 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 14, 2017 | F | 2,095 | $71.66 | D | 56,817 | D | |
| Common StockF2 | Feb 14, 2017 | F | 2,793 | $71.66 | D | 54,024 | 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 |
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 RightF3 | $22.24 | holding | — | — | — | — | Nov 5, 2019 | Common Stock | 43,179 | 43,179 | 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 February 13, 2015.
- F2Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of performance based restricted stock units granted February 13, 2015.
- 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.