Form 4 for BLKB BLACKBAUD INC
Accepted 2023-02-15 00:00:00 ET · period of report 2023-02-13 · accession 0001209191-23-009897 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| M | 2023-02-15 | 2023-02-13 | BLKB | McDearis Kevin | EVP, CTO | S - Sale | $57.51 | -12.4K | 81.9K | -13% | -$714.4K |
| M | 2023-02-15 | 2023-02-13 | BLKB | McDearis Kevin | EVP, CTO | A - Grant | $0.00 | +20.6K | 87.4K | +31% | $0 |
| M | 2023-02-15 | 2023-02-13 | BLKB | McDearis Kevin | EVP, CTO | F - Tax | $61.12 | -10.7K | 76.9K | -12% | -$652.7K |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-02-13 | S | D | 4,260 | $58.02 | 77,605 | D | — | — | (F10) This transaction was executed in multiple trades at prices ranging from $57.78 to $58.55. The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected. |
| 2 | Common | Common Stock | 2023-02-13 | S | D | 8,161 | $57.25 | 81,865 | D | — | — | (F9) This transaction was executed in multiple trades at prices ranging from $56.78 to $57.745. The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected. |
| 3 | Common | Common Stock | 2023-02-13 | A | A | 2,623 | $0.00 | 90,026 | D | — | — | (F7) The Compensation Committee determined that a portion of PRSUs granted on February 10, 2021 would vest in full on February 13, 2023 based on the Issuer achieving performance goals for the period ended December 31, 2022, subject to continued employment. The remaining PRSUs granted in 2021 will vest dependent on the achievement of performance goals for the period ended December 31, 2023, subject to continued employment. |
| 4 | Common | Common Stock | 2023-02-13 | A | A | 17,974 | $0.00 | 87,403 | D | — | — | (F6) Represents a restricted stock award which vests in three equal annual installments beginning on February 13, 2024, subject to continued employment. |
| 5 | Common | Common Stock | 2023-02-13 | F | D | 1,203 | $61.12 | 69,429 | D | — | — | (F5) Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of separate PRSUs granted February 10, 2021. |
| 6 | Common | Common Stock | 2023-02-13 | F | D | 1,528 | $61.12 | 70,632 | D | — | — | (F5) Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of separate PRSUs granted February 10, 2021. |
| 7 | Common | Common Stock | 2023-02-13 | F | D | 2,490 | $61.12 | 72,160 | D | — | — | (F4) Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of restricted stock granted February 10, 2021. |
| 8 | Common | Common Stock | 2023-02-13 | F | D | 2,274 | $61.12 | 74,650 | D | — | — | (F3) Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of performance restricted stock units ("PRSUs") granted February 12, 2020. |
| 9 | Common | Common Stock | 2023-02-13 | F | D | 1,747 | $61.12 | 78,361 | D | — | — | (F1) Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of restricted stock granted February 12, 2019. |
| 10 | Common | Common Stock | 2023-02-13 | F | D | 1,437 | $61.12 | 76,924 | D | — | — | (F2) Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of restricted stock granted February 12, 2020. |