BLACKBAUD INC 4
4 · BLACKBAUD INC · Filed Feb 13, 2017
Insider Transaction Report
Form 4
BLACKBAUD INCBLKB
Cumbaa Charles T
Senior VP, Products & Services
Transactions
- Exercise/Conversion
Common Stock
2017-02-09$22.24/sh+21,590$480,162→ 80,502 total - Disposition to Issuer
Common Stock
2017-02-09$71.50/sh−6,716$480,194→ 73,786 total - Tax Payment
Common Stock
2017-02-09$71.50/sh−7,191$514,157→ 66,595 total - Sale
Common Stock
2017-02-09$71.50/sh−7,683$549,335→ 58,912 total - Exercise/Conversion
Performance Stock Appreciation Right
2017-02-09−21,590→ 43,179 totalExercise: $22.24Exp: 2019-11-05→ Common Stock (21,590 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.