SEC Form 4 · accession 0001209191-18-011026
BLACKBAUD INC · BLKB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian Boruff
Officer — EVP & Pres Ent. Market Group
Period of report
Feb 14, 2018
Accepted (ET)
Feb 16, 2018 · 6:27 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, 2018 | A | 13,062 | $0.00 | A | 66,902 | D | |
| Common StockF2 | Feb 15, 2018 | F | 1,252 | $97.33 | D | 65,650 | D | |
| Common StockF3 | Feb 15, 2018 | F | 2,019 | $97.33 | D | 63,631 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The Compensation Committee determined that performance restricted stock units ("PRSUs") granted in 2017 would vest in three equal annual installments beginning on February 14, 2018 based on the Issuer achieving performance goals for the period ended December 31, 2017.
- F2Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of restricted stock granted February 14, 2017.
- F3Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of PRSUs granted February 14, 2017.