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BLACKBAUD INC — Director's Dealing 2014
Nov 10, 2014
31361_dirs_2014-11-10_d3893e2d-20e3-4043-b8f1-ba9e53895a2d.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: 2014-11-06
Reporting Person: Moye Joseph D (Pres.,Enterprise Cust Bus.Unit)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2014-11-06 | Common Stock | M | 9148 | $22.24 | Acquired | 30332 | Direct |
| 2014-11-06 | Common Stock | D | 4514 | $45.08 | Disposed | 25818 | Direct |
| 2014-11-06 | Common Stock | F | 1268 | $45.08 | Disposed | 24550 | Direct |
| 2014-11-06 | Common Stock | S | 3366 | $45.00 | Disposed | 21184 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2014-11-06 | Stock Appreciation Right | $22.24 | M | 9148 | Disposed | 2019-11-06 | Common Stock (9148) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Performance Stock Appreciation Right | $22.24 | 2019-11-06 | Common Stock (27455) | 27455 | Direct |
Footnotes
F1: Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the exercise of stock appreciation rights.
F2: This transaction was executed in multiple trades at prices ranging from $45.00 to $45.01. 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.
F3: Represents a stock appreciation right which vests in four equal installments beginning on November 6, 2013, subject to continued employment, and shall be settled in stock at time of exercise.
F4: Represents a performance stock appreciation right ("PSAR") which vests 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 only vest subject to continued employment and shall be settled in stock at the time of exercise.