SEC Form 4 · accession 0001209191-17-011595
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 14, 2017
Accepted (ET)
Feb 16, 2017 · 5:24 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 | A | 22,686 | $0.00 | A | 120,022 | D | |
| Common StockF2 | Feb 15, 2017 | F | 2,483 | $72.16 | D | 117,539 | D | |
| Common StockF3 | Feb 15, 2017 | S | 6,085 | $72.43 | D | 111,454 | D | |
| Common StockF4 | Feb 15, 2017 | S | 1,200 | $72.78 | D | 110,254 | 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 RightF5 | $22.24 | holding | — | — | — | — | Nov 6, 2019 | Common Stock | 45,741 | 45,741 | D |
Explanation of responses
- F1Represents a restricted stock award which vests in four equal annual installments beginning on February 14, 2018, subject to continued employment.
- F2Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of performance restricted stock units granted February 14, 2014.
- F3This transaction was executed in multiple trades at prices ranging from $71.69 to $72.67. 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 $72.69 to $72.89. 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 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.