BLACKBAUD INC 4
4 · BLACKBAUD INC · Filed Nov 26, 2014
Insider Transaction Report
Form 4
BLACKBAUD INCBLKB
Moye Joseph D
Pres.,Enterprise Cust Bus.Unit
Transactions
- Sale
Common Stock
2014-11-24$42.02/sh−900$37,818→ 13,839 total
Holdings
- 23,786
Stock Appreciation Right
Exercise: $22.24Exp: 2019-11-06→ Common Stock (23,786 underlying) - 27,455
Performance Stock Appreciation Right
Exercise: $22.24Exp: 2019-11-06→ Common Stock (27,455 underlying)
Footnotes (3)
- [F1]This transaction was executed in multiple trades at prices ranging from $42.02 to $42.03. 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.
- [F2]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.
- [F3]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.