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BLACKBAUD INC — Director's Dealing 2016
Feb 18, 2016
31361_dirs_2016-02-18_8c8a399d-9c50-4b73-88ed-d174cb22cf19.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: 2016-02-16
Reporting Person: Cumbaa Charles T (EVP Corp. & Prod. Strategy)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-02-16 | Common Stock | F | 1960 | $52.70 | Disposed | 68878 | Direct |
| 2016-02-16 | Common Stock | F | 1571 | $52.70 | Disposed | 67307 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 2100 | Indirect |
| Common Stock | 2100 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Appreciation Right | $26.79 | 2017-11-07 | Common Stock (16042) | 16042 | Direct |
| Stock Appreciation Right | $28.06 | 2018-11-09 | Common Stock (24648) | 24648 | Direct |
| Performance Stock Appreciation Right | $22.24 | 2019-11-05 | Common Stock (86358) | 86358 | Direct |
Footnotes
F1: Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of performance based restricted stock units ("PRSUs") granted in 2015.
F2: Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of PRSUs granted in 2014.
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 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.
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.