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BLACKBAUD INC — Director's Dealing 2012
Mar 2, 2012
31361_dirs_2012-03-02_f8812ea5-b90c-4e61-b355-9aa9807f6b94.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: 2012-02-29
Reporting Person: Chardon Marc (Director, President and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2012-02-29 | Common Stock | M | 43000 | $16.10 | Acquired | 108264 | Direct |
| 2012-02-29 | Common Stock | S | 43000 | $31.73 | Disposed | 65264 | Direct |
| 2012-02-29 | Common Stock | A | 2498 | $0.00 | Acquired | 67762 | Direct |
| 2012-02-29 | Common Stock | F | 1086 | $31.55 | Disposed | 66676 | Direct |
| 2012-03-01 | Common Stock | M | 42478 | $16.10 | Acquired | 109154 | Direct |
| 2012-03-01 | Common Stock | S | 42478 | $31.48 | Disposed | 66676 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2012-02-29 | Employee Stock Option (Right to Buy) | $16.10 | M | 43000 | Disposed | 2012-11-28 | Common Stock (43000) | Direct |
| 2012-03-01 | Eployee Stock Option (Right to Buy) | $16.10 | M | 42478 | Disposed | 2012-11-28 | Common Stock (42478) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 2800 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Appreciation Right | $26.17 | 2015-02-13 | Common Stock (55380) | 55380 | Direct |
| Stock Appreciation Right | $12.40 | 2015-11-08 | Common Stock (4750) | 4750 | Direct |
| Stock Appreciation Right | $22.34 | 2016-11-11 | Common Stock (65299) | 65299 | Direct |
| Stock Appreciation Right | $21.44 | 2017-02-10 | Common Stock (100000) | 100000 | Direct |
| Stock Appreciation Right | $22.58 | 2017-05-10 | Common Stock (100000) | 100000 | Direct |
| Stock Appreciation Right | $24.00 | 2017-08-10 | Common Stock (100000) | 100000 | Direct |
| Stock Appreciation Right | $26.79 | 2017-11-07 | Common Stock (104167) | 104167 | Direct |
Footnotes
F1: This transaction was executed in multiple trades at prices ranging from $31.53 to $32.35. 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.
F2: On February 29, 2012, the Compensation Committee determined that these performance-based restricted stock rights vested based on the company achieving financial performance goals for the period ending December 31, 2011.
F3: Represents shares forfeited to the company in connection with the satisfaction of tax liabilities incurred upon the vesting of the performance-based restricted stock rights.
F4: This exercise and sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 29, 2012 and effective on March 1, 2012.
F5: This transaction was executed in multiple trades at prices ranging from $31.27 to $31.70. 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.
F6: The option vested 1/4 on November 28, 2006 and 1/12 every three months thereafter.
F7: Represents a stock appreciation right which vests in four equal annual installments beginning on February 12, 2009, subject to continued employment, and shall be settled in stock at time of exercise.
F8: Represents a stock appreciation right which vests in four equal annual installments beginning on November 7, 2009, subject to continued employment, and shall be settled in stock at time of exercise.
F9: 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.
F10: Represents a stock appreciation right which vested 100% on November 10, 2010 and shall be settled in stock at time of exercise.
F11: Represents a stock appreciation right which vested 100% on November 10, 2011 and shall be settled in stock at time of exercise.
F12: Represents a stock appreciation right which will vest 100% on November 12, 2012, subject to continued employment, and shall be settled in stock at time of exercise.
F13: 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.