BLACKBAUD INC 4
4 · BLACKBAUD INC · Filed Nov 10, 2015
Insider Transaction Report
Form 4
BLACKBAUD INCBLKB
Holman Brad John
Pres Int'l Business Unit
Transactions
- Disposition to Issuer
Common Stock
2015-11-06$62.50/sh−7,162$447,625→ 47,913 total - Exercise/Conversion
Performance Stock Appreciation Right
2015-11-06−20,126→ 20,126 totalExercise: $22.24Exp: 2019-11-05→ Common Stock (20,126 underlying) - Exercise/Conversion
Common Stock
2015-11-06$22.24/sh+20,126$447,602→ 55,075 total - Sale
Common Stock
2015-11-06$62.57/sh−12,964$811,157→ 34,949 total
Holdings
- 5,722
Stock Appreciation Right
Exercise: $28.06Exp: 2018-11-09→ Common Stock (5,722 underlying)
Footnotes (3)
- [F1]This transaction was executed in multiple trades at prices ranging from $62.50 to $62.75. 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 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.
- [F3]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.