BLACKBAUD INC 4
4 · BLACKBAUD INC · Filed Jan 5, 2017
Insider Transaction Report
Form 4
BLACKBAUD INCBLKB
Cumbaa Charles T
Senior VP, Products & Services
Transactions
- Sale
Common Stock
2017-01-04$66.50/sh−9,340$621,110→ 58,912 total - Exercise/Conversion
Common Stock
2017-01-04$22.24/sh+21,589$480,139→ 80,501 total - Disposition to Issuer
Common Stock
2017-01-04$66.50/sh−7,221$480,197→ 73,280 total - Tax Payment
Common Stock
2017-01-04$66.50/sh−5,028$334,362→ 68,252 total - Exercise/Conversion
Performance Stock Appreciation Right
2017-01-04−21,589→ 64,769 totalExercise: $22.24Exp: 2019-11-05→ Common Stock (21,589 underlying)
Holdings
- 2,100(indirect: By Trust)
Common Stock
- 2,100(indirect: By Trust)
Common Stock
Footnotes (3)
- [F1]Represents shares forfeited to the company in connection with the satisfaction of tax liabilities incurred upon the exercise of performance stock appreciation rights.
- [F2]This exercise and sale was effected pursuant to a Rule 10b5-1 trading plan executed by the reporting person on November 19, 2016 and effective on January 3, 2017.
- [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.