SEC Form 4 · accession 0001209191-17-022100
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
Mar 17, 2017
Accepted (ET)
Mar 21, 2017 · 5:59 pm EDT
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 Stock | Mar 17, 2017 | S | 2,500 | $77.00 | D | 80,278 | 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 RightF2 | $28.06 | holding | — | — | — | — | Nov 9, 2018 | Common Stock | 22,887 | 22,887 | D |
| Performance Stock Appreciation RightF3 | $22.24 | holding | — | — | — | — | Nov 5, 2019 | Common Stock | 80,504 | 80,504 | D |
Explanation of responses
- F1The sale was effected pursuant to a Rule 10b5-1 trading plan executed by the reporting person on February 27, 2017 and effective on March 6, 2017.
- F2Represents 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.
- 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.