BLACKBAUD INC 4
4 · BLACKBAUD INC · Filed Feb 16, 2017
Insider Transaction Report
Form 4
BLACKBAUD INCBLKB
Cumbaa Charles T
Senior VP, Products & Services
Transactions
- Award
Common Stock
2017-02-14+1,452→ 55,476 total - Tax Payment
Common Stock
2017-02-15$72.16/sh−2,239$161,566→ 53,237 total
Holdings
- 2,100(indirect: By Trust)
Common Stock
- 43,179
Performance Stock Appreciation Right
Exercise: $22.24Exp: 2019-11-05→ Common Stock (43,179 underlying) - 2,100(indirect: By Trust)
Common Stock
Footnotes (3)
- [F1]Represents a restricted stock award which vests in full on February 14, 2018, subject to continued employment.
- [F2]Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of performance restricted stock units granted February 14, 2014.
- [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.