BLACKBOARD INC|4Sep 20, 4:24 PM ET

BLACKBOARD INC 4

4 · BLACKBOARD INC · Filed Sep 20, 2007

Insider Transaction Report

Form 4

Period: 2007-09-18

BLACKBOARD INCBBBB

Beach Michael J

CFO

Transactions

Exercise/Conversion
Stock Option (right to buy)
2007-09-18−590→ 492 total
Exercise: $9.98Exp: 2014-02-18→ Common Stock (590 underlying)
Exercise/Conversion
Stock Option (right to buy)
2007-09-18−3,318→ 1,377 total
Exercise: $14.00Exp: 2014-04-01→ Common Stock (3,318 underlying)
Exercise/Conversion
Common Stock
2007-09-18$9.98/sh+590$5,888→ 590 total
Exercise/Conversion
Common Stock
2007-09-18$9.66/sh+148$1,430→ 148 total
Exercise/Conversion
Stock Option (right to buy)
2007-09-18−6,243→ 1,257 total
Exercise: $17.00Exp: 2013-03-01→ Common Stock (6,243 underlying)
Sale
Common Stock
2007-09-18$42.68/sh−4,793$204,565→ 0 total
Sale
Common Stock
2007-09-18$42.68/sh−6,243$266,451→ 0 total
Exercise/Conversion
Common Stock
2007-09-18$17.00/sh+6,243$106,131→ 6,243 total
Exercise/Conversion
Stock Option (right to buy)
2007-09-18−1,475→ 1,229 total
Exercise: $14.00Exp: 2014-02-10→ Common Stock (1,475 underlying)
Exercise/Conversion
Stock Option (right to buy)
2007-09-18−148→ 0 total
Exercise: $9.66Exp: 2013-09-10→ Common Stock (148 underlying)
Exercise/Conversion
Stock Option (right to buy)
2007-09-18−13,226→ 86,774 total
Exercise: $26.84Exp: 2014-09-15→ Common Stock (13,226 underlying)
Exercise/Conversion
Common Stock
2007-09-18$26.84/sh+13,226$354,986→ 13,226 total
Sale
Common Stock
2007-09-18$42.68/sh−13,226$564,486→ 0 total
Sale
Common Stock
2007-09-18$42.68/sh−148$6,317→ 0 total
Sale
Common Stock
2007-09-18$42.68/sh−590$25,181→ 0 total
Exercise/Conversion
Common Stock
2007-09-18$14.00/sh+4,793$67,102→ 4,793 total

Footnotes (7)

[F1]The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 15, 2007.
[F2]The option vested as to 25% of the shares on 04/01/2004 and as to an additional 2.08% of the shares thereafter.
[F3]The option vested as to 25% of the shares on 2/18/2005 and as to an additional 2.08% of the shares monthly thereafter.
[F4]The option vested as to 25% of the shares on 2/10/2005 and as to an additional 2.08% of the shares monthly thereafter.
[F5]The option vested as to 25% of the shares on 04/01/2005 and as to an additional 2.08% of the shares monthly thereafter.
[F6]The option vested as to 33% of the shares on 3/1/2006 and as to an additional 2.79% of the shares monthly thereafter.
[F7]The option vested as to 33% of the shares on 9/15/2007 and as to an additional 2.79% of the shares monthly thereafter.

Documents

1 file

4
doc4.xmlPrimary
FORM 4 SUBMISSION