SEC Form 4 · accession 0001209191-19-010334
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
Feb 12, 2019
Accepted (ET)
Feb 14, 2019 · 5:39 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 12, 2019 | A | 6,681 | $0.00 | A | 83,037 | D | |
| Common StockF2 | Feb 12, 2019 | A | 15,235 | $0.00 | A | 98,272 | D | |
| Common StockF3 | Feb 12, 2019 | F | 2,547 | $75.71 | D | 95,725 | D | |
| Common StockF4 | Feb 12, 2019 | F | 1,957 | $75.71 | D | 93,768 | D | |
| Common StockF5 | Feb 13, 2019 | F | 1,033 | $77.80 | D | 92,735 | D | |
| Common StockF6 | Feb 13, 2019 | F | 1,223 | $77.80 | D | 91,512 | 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 RightF7 | $22.24 | holding | — | — | — | — | Nov 5, 2019 | Common Stock | 22,871 | 22,871 | D |
Explanation of responses
- F1The Compensation Committee determined that performance restricted stock units ("PRSUs") granted in 2018 would vest in three equal annual installments beginning on February 12, 2019 based on the Issuer achieving performance goals for the period ended December 31, 2018.
- F2Represents a restricted stock award which vests in four equal annual installments beginning on February 12, 2020, subject to continued employment.
- F3Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of PRSUs granted February 11, 2016.
- F4Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of restricted stock granted February 11, 2016.
- F5Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of PRSUs granted February 12, 2018.
- F6Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of restricted stock granted February 12, 2018.
- F7Represents 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.