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BLACKBAUD INC — Director's Dealing 2017
Feb 15, 2017
31361_dirs_2017-02-15_f6564e3e-e2c6-4445-863d-763dec6ffa12.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: 2017-02-13
Reporting Person: MOONEY KEVIN W (EVP, Pres Gen Markets Group)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-02-13 | Common Stock | F | 1924 | $70.74 | Disposed | 69283 | Direct |
| 2017-02-13 | Common Stock | F | 2690 | $70.74 | Disposed | 66593 | Direct |
| 2017-02-14 | Common Stock | A | 16480 | $0.00 | Acquired | 83073 | Direct |
| 2017-02-14 | Common Stock | F | 2095 | $71.66 | Disposed | 80978 | Direct |
| 2017-02-14 | Common Stock | F | 2793 | $71.66 | Disposed | 78185 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Appreciation Right | $28.06 | 2018-11-09 | Common Stock (7043) | 7043 | Direct |
| Performance Stock Appreciation Right | $22.24 | 2019-11-05 | Common Stock (45741) | 45741 | Direct |
Footnotes
F1: Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of restricted stock ("RS") granted February 11, 2016.
F2: 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 February 11, 2016.
F3: On February 14, 2017, the Compensation Committee determined that PRSUs granted in 2016 would vest in three equal annual installments beginning on February 14, 2017 based on the Issuer achieving performance goals for the period ended December 31, 2016.
F4: Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of RS granted February 13, 2015.
F5: Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of PRSUs granted February 13, 2015.
F6: 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.
F7: Represents a performance stock appreciation right ("PSAR") which vested 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 be settled in stock at the time of exercise.