BLACKBAUD INC 4
4 · BLACKBAUD INC · Filed Nov 9, 2016
Insider Transaction Report
Form 4
BLACKBAUD INCBLKB
Cumbaa Charles T
Senior VP, Products & Services
Transactions
- Tax Payment
Common Stock
2016-11-07$58.83/sh−1,590$93,540→ 60,412 total - Tax Payment
Common Stock
2016-11-07$58.83/sh−1,305$76,773→ 62,002 total
Holdings
- 2,100(indirect: By Trust)
Common Stock
- 2,100(indirect: By Trust)
Common Stock
- 86,358
Performance Stock Appreciation Right
Exercise: $22.24Exp: 2019-11-05→ Common Stock (86,358 underlying)
Footnotes (3)
- [F1]Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of restricted stock granted November 6, 2012.
- [F2]Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of restricted stock granted November 6, 2013.
- [F3]Represents a performance stock appreciation right ("PSAR") which vested 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 be settled in stock at the time of exercise.