BLACKBAUD INC 4
4 · BLACKBAUD INC · Filed Dec 29, 2014
Insider Transaction Report
Form 4
BLACKBAUD INCBLKB
Moye Joseph D
Pres.,Enterprise Cust Bus.Unit
Transactions
- Tax Payment
Common Stock
2014-12-24$45.00/sh−1,519$68,355→ 17,872 total - Exercise/Conversion
Common Stock
2014-12-24$22.24/sh+10,978$244,151→ 24,817 total - Disposition to Issuer
Common Stock
2014-12-24$45.00/sh−5,426$244,170→ 19,391 total - Sale
Common Stock
2014-12-24$45.00/sh−300$13,500→ 17,572 total - Exercise/Conversion
Stock Appreciation Right
2014-12-24−10,978→ 21,956 totalExercise: $22.24Exp: 2019-11-06→ Common Stock (10,978 underlying) - Sale
Common Stock
2014-12-26$45.00/sh−200$9,000→ 17,372 total - Sale
Common Stock
2014-12-29$45.00/sh−3,533$158,985→ 13,839 total
Holdings
- 18,307
Performance Stock Appreciation Right
Exercise: $22.24Exp: 2019-11-06→ Common Stock (18,307 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 exerise and the sales were effected pursuant to a 10b5-1 trading plan executed by the reporting person on November 24, 2014 and effective on December 1, 2014.
- [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.