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BLACKBAUD INC Director's Dealing 2012

Mar 15, 2012

31361_dirs_2012-03-15_4b6064cc-a6b5-47b0-90af-dbb96d29db58.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BLACKBAUD INC (BLKB)
CIK: 0001280058
Period of Report: 2012-03-13

Reporting Person: Cumbaa Charles T (Pres Enterprise Cust Bus. Unit)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2012-03-13 Common Stock S 5000 $32.50 Disposed 28787 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 1750 Indirect
Common Stock 1750 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock Appreciation Right $26.11 2014-11-07 Common Stock (53333) 53333 Direct
Stock Appreciation Right $12.40 2015-11-08 Common Stock (19167) 19167 Direct
Stock Appreciation Right $22.34 2016-11-11 Common Stock (25500) 25500 Direct
Stock Appreciation Right $26.79 2017-11-07 Common Stock (26042) 26042 Direct
Stock Appreciation Right $28.06 2018-11-09 Common Stock (24648) 24648 Direct

Footnotes

F1: This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 27, 2012 and effective on March 1, 2012.

F2: Represents a stock appreciation right which vested in four equal annual installments beginning on November 6, 2008 and shall be settled in stock at time of exercise.

F3: Represents a stock appreciation right which vests in four equal installments beginning on November 7, 2009, subject to continued employment, and shall be settled in stock at time of exercise.

F4: Represents a stock appreciation right which vests in four equal annual installments beginning on November 10, 2010, subject to continued employment, and shall be settled in stock at time of exercise.

F5: Represents a stock appreciation right which vests in four equal annual installments beginning on November 8, 2011, subject to continued employment, and shall be settled in stock at time of exercise.

F6: Represents a stock appreciation right which vests in four equal annual installments beginning on November 10, 2012, subject to continued employment, and shall be settled in stock at time of exercise.