BLACKBOARD INC|4Oct 15, 7:06 PM ET

Gatti Frank R 4

4 · BLACKBOARD INC · Filed Oct 15, 2010

Form 4

Period: 2010-10-13

Director

Transactions

Sale
Common Stock
2010-10-13$39.90/sh−2,100$83,790→ 0 total
Sale
Common Stock
2010-10-13$39.90/sh−1,700$67,830→ 0 total
Sale
Common Stock
2010-10-13$39.90/sh−6,000$239,400→ 0 total
Exercise/Conversion
Stock Option (right to buy)
2010-10-13−2,450→ 0 total
Exercise: $20.32Exp: 2014-06-25→ Common Stock (2,450 underlying)
Exercise/Conversion
Stock Option (right to buy)
2010-10-13−1,700→ 0 total
Exercise: $28.96Exp: 2014-07-01→ Common Stock (1,700 underlying)
Exercise/Conversion
Stock Option (right to buy)
2010-10-13−2,100→ 0 total
Exercise: $23.92Exp: 2013-07-01→ Common Stock (2,100 underlying)
Sale
Common Stock
2010-10-13$39.90/sh−2,450$97,755→ 0 total
Exercise/Conversion
Common Stock
2010-10-13$23.92/sh+2,100$50,232→ 2,100 total
Exercise/Conversion
Common Stock
2010-10-13$28.85/sh+6,000$173,100→ 6,000 total
Exercise/Conversion
Common Stock
2010-10-13$20.32/sh+2,450$49,784→ 2,450 total
Exercise/Conversion
Common Stock
2010-10-13$28.96/sh+1,700$49,232→ 1,700 total
Exercise/Conversion
Stock Option (right to buy)
2010-10-13−6,000→ 0 total
Exercise: $28.85From: 2010-05-01Exp: 2017-06-15→ Common Stock (6,000 underlying)

Footnotes (4)

[F1]The sales reported in this transaction were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 12, 2010.
[F2]The stock option vests as to 50% of the shares on June 25, 2005 and as to 50% of the shares on June 25, 2006.
[F3]The stock option vests as to 50% of the shares on July 1, 2006 and as to 50% of the shares on July 1, 2007.
[F4]The stock option vests as to 50% of the shares on July 1, 2007 and as to 50% of the shares on July 1, 2008.

Documents

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