BLACKBAUD INC 4
4 · BLACKBAUD INC · Filed Oct 14, 2015
Insider Transaction Report
Form 4
BLACKBAUD INCBLKB
Holman Brad John
Pres Int'l Business Unit
Transactions
- Sale
Common Stock
2015-10-12$60.95/sh−4,573$278,724→ 34,949 total
Holdings
- 5,722
Stock Appreciation Right
Exercise: $28.06Exp: 2018-11-09→ Common Stock (5,722 underlying) - 40,252
Performance Stock Appreciation Right
Exercise: $22.24Exp: 2019-11-05→ Common Stock (40,252 underlying)
Footnotes (3)
- [F1]This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on October 31, 2014 and effective on December 3, 2014.
- [F2]Represents a stock appreciation right which vests in four equal annual installments beginning on November 10, 2012, subject to continued employment and an exercise price less than the closing price of the Issuer's common stock on each vesting date. The stock appreciation right shall be settled in stock at the 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.