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BLACKBAUD INC — Director's Dealing 2016
Jul 14, 2016
31361_dirs_2016-07-14_58d066ee-c3f6-4907-b1bc-cbbab0c3de4a.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: 2016-07-12
Reporting Person: MISTRETTA JOHN J (EVP of Human Resources)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-07-12 | Common Stock | M | 7160 | $26.79 | Acquired | 86117 | Direct |
| 2016-07-12 | Common Stock | D | 2741 | $70.00 | Disposed | 83376 | Direct |
| 2016-07-12 | Common Stock | F | 2164 | $70.00 | Disposed | 81212 | Direct |
| 2016-07-12 | Common Stock | S | 2255 | $70.00 | Disposed | 78957 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-07-12 | Stock Appreciation Right | $26.79 | M | 7160 | Disposed | 2017-11-07 | Common Stock (7160) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Appreciation Right | $28.06 | 2018-11-09 | Common Stock (22887) | 22887 | Direct |
| Performance Stock Appreciation Right | $22.24 | 2019-11-05 | Common Stock (80504) | 80504 | Direct |
Footnotes
F1: Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities upon the exercise of stock appreciation rights.
F2: This exercise and sale was effected pursuant to a Rule 10b5-1 trading plan executed by the reporting person on May 31, 2016 and effective on July 1, 2016.
F3: Represents a stock appreciation right which vested in four equal annual installments beginning on November 8, 2011, subject to continued employment, and shall be settled in stock at time of exercise.
F4: Represents a stock appreciation right which vested in four equal annual installments beginning on November 10, 2012, subject to continued employment, and shall be settled in stock at time of exercise.
F5: 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.