SEC Form 4 · accession 0001209191-17-011169
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
Feb 13, 2017
Accepted (ET)
Feb 15, 2017 · 5:33 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 | 1,924 | $70.74 | D | 69,283 | D | |
| Common StockF2 | Feb 13, 2017 | F | 2,690 | $70.74 | D | 66,593 | D | |
| Common StockF3 | Feb 14, 2017 | A | 16,480 | $0.00 | A | 83,073 | D | |
| Common StockF4 | Feb 14, 2017 | F | 2,095 | $71.66 | D | 80,978 | D | |
| Common StockF5 | Feb 14, 2017 | F | 2,793 | $71.66 | D | 78,185 | 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 RightF6 | $28.06 | holding | — | — | — | — | Nov 9, 2018 | Common Stock | 7,043 | 7,043 | D |
| Performance Stock Appreciation RightF7 | $22.24 | holding | — | — | — | — | Nov 5, 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 based 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.
- 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.