SEC Form 4 · accession 0001209191-19-011207
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 14, 2019
Accepted (ET)
Feb 19, 2019 · 5:20 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, 2019 | F | 1,983 | $77.98 | D | 89,529 | D | |
| Common StockF2 | Feb 14, 2019 | S | 15,728 | $77.59 | D | 73,801 | D | |
| Common StockF3 | Feb 15, 2019 | F | 1,753 | $77.63 | D | 72,048 | D | |
| Common StockF4 | Feb 15, 2019 | F | 2,018 | $77.63 | D | 70,030 | 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 RightF5 | $22.24 | holding | — | — | — | — | Nov 5, 2019 | Common Stock | 22,871 | 22,871 | D |
Explanation of responses
- F1Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of restricted stock granted February 13, 2015.
- F2This transaction was executed in multiple trades at prices ranging from $77.50 to $77.98. 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.
- F3Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of restricted stock granted February 14, 2017.
- F4Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of performance restricted stock units granted February 14, 2017.
- F5Represents 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.