SEC Form 4 · accession 0001209191-18-011048
BLACKBAUD INC · BLKB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael P Gianoni
Officer — President and CEO · Director
Period of report
Feb 14, 2018
Accepted (ET)
Feb 16, 2018 · 6:33 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 | 45,711 | $0.00 | A | 332,419 | D | |
| Common StockF2 | Feb 14, 2018 | F | 6,610 | $95.20 | D | 325,809 | D | |
| Common StockF3 | Feb 14, 2018 | F | 8,813 | $95.20 | D | 316,996 | D | |
| Common StockF4 | Feb 14, 2018 | S | 5,690 | $95.86 | D | 311,306 | D | |
| Common StockF5 | Feb 14, 2018 | S | 3,650 | $95.08 | D | 307,656 | D | |
| Common StockF6 | Feb 14, 2018 | S | 1,550 | $94.29 | D | 306,106 | D | |
| Common Stock | Feb 14, 2018 | S | 100 | $93.06 | D | 306,006 | D | |
| Common StockF7 | Feb 15, 2018 | F | 4,769 | $97.33 | D | 301,237 | D | |
| Common StockF8 | Feb 15, 2018 | F | 4,382 | $97.33 | D | 296,855 | D | |
| Common StockF9 | Feb 15, 2018 | F | 7,063 | $97.33 | D | 289,792 | D | |
| Common StockF10 | Feb 15, 2018 | S | 2,000 | $96.67 | D | 287,792 | D | |
| Common StockF11 | Feb 15, 2018 | S | 5,100 | $97.39 | D | 282,692 | D | |
| Common StockF12 | Feb 15, 2018 | S | 10,749 | $98.14 | D | 271,943 | 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.
- F10This transaction was executed in multiple trades at prices ranging from $96.00 to $96.95. 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.
- F11This transaction was executed in multiple trades at prices ranging from $97.00 to $97.99. 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.
- F12This transaction was executed in multiple trades at prices ranging from $98.00 to $98.51. 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.
- F2Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of restricted stock ("RS") granted February 13, 2015.
- F3Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of PRSUs granted February 13, 2015.
- F4This transaction was executed in multiple trades at prices ranging from $95.62 to $96.61. 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.
- F5This transaction was executed in multiple trades at prices ranging from $94.63 to $95.60. 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.
- F6This transaction was executed in multiple trades at prices ranging from $93.59 to $94.57. 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.
- F7Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of RS granted February 14, 2014.
- F8Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of RS granted February 14, 2017.
- F9Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of PRSUs granted February 14, 2017.