SEC Form 4 · accession 0001209191-17-035075
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
May 22, 2017
Accepted (ET)
May 24, 2017 · 5:34 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 | May 22, 2017 | M | 11,000 | $28.06 | A | 86,278 | D | |
| Common Stock | May 22, 2017 | D | 3,765 | $82.00 | D | 82,513 | D | |
| Common Stock | May 22, 2017 | F | 3,542 | $82.00 | D | 78,971 | D | |
| Common Stock | May 22, 2017 | S | 596 | $82.00 | D | 78,375 | D | |
| Common Stock | May 23, 2017 | S | 3,097 | $82.00 | D | 75,278 | 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 RightF1 | $28.06 | May 22, 2017 | M | 11,000 | D | — | Nov 9, 2018 | Common Stock | 11,000 | 11,887 | D |
| Performance Stock Appreciation RightF2 | $22.24 | holding | — | — | — | — | Nov 5, 2019 | Common Stock | 80,504 | 80,504 | D |
Explanation of responses
- F1Represents 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.
- F2Represents 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.