SEC Form 4 · accession 0001209191-18-037860
BLACKBAUD INC · BLKB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kevin W Mooney
Officer — EVP, Pres Gen Markets Group
Period of report
Jun 12, 2018
Accepted (ET)
Jun 14, 2018 · 6:24 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 | Jun 12, 2018 | M | 22,870 | $22.24 | A | 99,226 | D | |
| Common Stock | Jun 12, 2018 | D | 4,845 | $105.00 | D | 94,381 | D | |
| Common StockF1 | Jun 12, 2018 | F | 8,356 | $105.00 | D | 86,025 | D | |
| Common Stock | Jun 12, 2018 | S | 9,669 | $105.00 | D | 76,356 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Stock Appreciation RightF3 | $22.24 | Jun 12, 2018 | M | 22,870 | D | — | Nov 5, 2019 | Common Stock | 22,870 | 22,871 | D |
Explanation of responses
- F1Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the exercise of vested performance stock appreciation rights.
- F2This exercise and sale was effected pursuant to a Rule 10b5-1 trading plan executed by the reporting person on May 24, 2018 and effective on June 1, 2018.
- 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.