BLACKBAUD INC 4
4 · BLACKBAUD INC · Filed Apr 4, 2017
Insider Transaction Report
Form 4
BLACKBAUD INCBLKB
Cumbaa Charles T
Senior VP, Products & Services
Transactions
- Tax Payment
Common Stock
2017-03-31$76.67/sh−4,034$309,287→ 49,203 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 (2)
- [F1]Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of restricted stock granted February 11, 2016.
- [F2]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.