SEC Form 4 · accession 0001209191-17-011608
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 14, 2017
Accepted (ET)
Feb 16, 2017 · 5:27 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 | 9,830 | $0.00 | A | 87,717 | D | |
| Common StockF2 | Feb 15, 2017 | F | 2,239 | $72.16 | D | 85,478 | 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 RightF3 | $28.06 | holding | — | — | — | — | Nov 9, 2018 | Common Stock | 22,887 | 22,887 | D |
| Performance Stock Appreciation RightF4 | $22.24 | holding | — | — | — | — | Nov 5, 2019 | Common Stock | 80,504 | 80,504 | 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.
- F3Represents 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.
- F4Represents 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.