BLACKBAUD INC 4
4 · BLACKBAUD INC · Filed Nov 10, 2014
Insider Transaction Report
Form 4
BLACKBAUD INCBLKB
Moye Joseph D
Pres.,Enterprise Cust Bus.Unit
Transactions
- Exercise/Conversion
Common Stock
2014-11-06$22.24/sh+9,148$203,452→ 30,332 total - Disposition to Issuer
Common Stock
2014-11-06$45.08/sh−4,514$203,491→ 25,818 total - Tax Payment
Common Stock
2014-11-06$45.08/sh−1,268$57,161→ 24,550 total - Sale
Common Stock
2014-11-06$45.00/sh−3,366$151,470→ 21,184 total - Exercise/Conversion
Stock Appreciation Right
2014-11-06−9,148→ 23,786 totalExercise: $22.24Exp: 2019-11-06→ Common Stock (9,148 underlying)
Holdings
- 27,455
Performance Stock Appreciation Right
Exercise: $22.24Exp: 2019-11-06→ Common Stock (27,455 underlying)
Footnotes (4)
- [F1]Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the exercise of stock appreciation rights.
- [F2]This transaction was executed in multiple trades at prices ranging from $45.00 to $45.01. The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
- [F3]Represents a stock appreciation right which vests in four equal installments beginning on November 6, 2013, subject to continued employment, and shall be settled in stock at time of exercise.
- [F4]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.