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BLACKBAUD INC Director's Dealing 2012

Apr 17, 2012

31361_dirs_2012-04-17_6953a970-d5df-4471-b3c5-8ce3298f2fa8.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: 2012-04-13

Reporting Person: Strenck Heidi (Senior VP and Controller)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2012-04-13 Common Stock F 544 $32.39 Disposed 16816 Direct
2012-04-13 Common Stock F 544 $32.39 Disposed 16272 Direct
2012-04-13 Common Stock D 1625 $0.00 Disposed 14647 Direct
2012-04-13 Common Stock F 523 $32.39 Disposed 14124 Direct
2012-04-13 Common Stock D 3126 $0.00 Disposed 10998 Direct
2012-04-13 Common Stock F 539 $32.39 Disposed 10459 Direct
2012-04-13 Common Stock D 4830 $0.00 Disposed 5629 Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock Option (Right to Buy) $8.60 2014-07-30 Common Stock (6000) 6000 Direct
Stock Appreciation Right $12.40 2015-11-08 Common Stock (5417) 5417 Direct
Stock Appreciation Right $22.34 2016-11-11 Common Stock (11000) 11000 Direct
Stock Appreciation Right $26.79 2017-11-07 Common Stock (16741) 16741 Direct
Stock Appreciation Right $28.06 2018-11-09 Common Stock (21479) 21479 Direct

Footnotes

F1: The option vested in four equal installments beginning on July 30, 2005.

F2: 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.

F3: 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.

F4: 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.

F5: 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.