BLACKBAUD INC 4
4 · BLACKBAUD INC · Filed Feb 23, 2015
Insider Transaction Report
Form 4
BLACKBAUD INCBLKB
Moye Joseph D
Pres.,Enterprise Cust Bus.Unit
Transactions
- Sale
Common Stock
2015-02-19$45.50/sh−3,236$147,238→ 13,839 total
Holdings
- 21,956
Stock Appreciation Right
Exercise: $22.24Exp: 2019-11-06→ Common Stock (10,978 underlying) - 18,307
Performance Stock Appreciation Right
Exercise: $22.24Exp: 2019-11-06→ Common Stock (18,307 underlying)
Footnotes (2)
- [F1]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.
- [F2]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.