0001209191-14-055046.txt : 20140829
0001209191-14-055046.hdr.sgml : 20140829
20140829162233
ACCESSION NUMBER: 0001209191-14-055046
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20140827
FILED AS OF DATE: 20140829
DATE AS OF CHANGE: 20140829
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: BLACKBAUD INC
CENTRAL INDEX KEY: 0001280058
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372]
IRS NUMBER: 112617163
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 2000 DANIEL ISLAND DRIVE
CITY: CHARLESTON
STATE: SC
ZIP: 24992-7541
BUSINESS PHONE: 843-216-6200
MAIL ADDRESS:
STREET 1: 2000 DANIEL ISLAND DRIVE
CITY: CHARLESTON
STATE: SC
ZIP: 24992-7541
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Cumbaa Charles T
CENTRAL INDEX KEY: 0001294987
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-50600
FILM NUMBER: 141075548
MAIL ADDRESS:
STREET 1: BLACKBAUD INC
STREET 2: 2000 DANIEL ISLAND DRIVE
CITY: CHARLESTON
STATE: SC
ZIP: 29492
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2014-08-27
0
0001280058
BLACKBAUD INC
BLKB
0001294987
Cumbaa Charles T
2000 DANIEL ISLAND DRIVE
CHARLESTON
SC
29492
0
1
0
0
SVP of Business Development
Common Stock
2014-08-27
4
M
0
5000
12.40
A
41281
D
Common Stock
2014-08-27
4
D
0
1611
38.50
D
39670
D
Common Stock
2014-08-27
4
F
0
1165
38.50
D
38505
D
Common Stock
2014-08-27
4
S
0
2224
38.50
D
36281
D
Common Stock
1750
I
By Chelsea Michelle Cumbaa Irrevocable Trust
Common Stock
1750
I
By Alexander Thomas Cumbaa Irrevocable Trust
Stock Appreciation Right
12.40
2014-08-27
4
M
0
5000
0.00
D
2015-11-08
Common Stock
5000
0
D
Stock Appreciation Right
22.34
2016-11-11
Common Stock
6375
6375
D
Stock Appreciation Right
26.79
2017-11-07
Common Stock
26042
26042
D
Stock Appreciation Right
28.06
2018-11-09
Common Stock
24648
24648
D
Performance Stock Appreciation Right
22.24
2019-11-05
Common Stock
86358
86358
D
Represents shares forfeited to the company in connection with the satisfaction of tax liabilities incurred upon the exercise of stock appreciation rights.
This exercise and sale was effected pursuant to a Rule 10b5-1 trading plan executed by the reporting person on May 8, 2014 and effective on May 12, 2014.
Represents a stock appreciation right which vested in four equal installments beginning on November 7, 2009, subject to continued employment, and shall be settled in stock at time of exercise.
Represents a stock appreciation right which vested in four equal annual installments beginning on November 10, 2010, subject to continued employment, and shall be settled in stock at time of exercise.
Represents a stock appreciation right which vests in four equal annual installments beginning on November 8, 2011, subject to continued employment, and shall be settled in stock at time of exercise.
Represents a stock appreciation right which vests in four equal annual installments beginning on November 10, 2012, subject to continued employment, and shall be settled in stock at time of exercise.
For full text of this footnote 7, see Remarks.
(Text to footnote 7) Represents a performance stock appreciation right ("PSAR") which will vest if the Issuer has maintained a 25% increase in its stock price over $22.24 for any 30 consecutive days prior to the expiration date of the PSAR (the "Performance Metric"), such vesting to occur in four equal annual installments beginning on November 6, 2013, if the Issuer meets the Performance Metric prior to such date. If the Issuer meets the Performance Metric between November 6, 2013 and November 6, 2014, 25% of the PSAR shall vest upon the Issuer meeting the Performance Metric and the remaining 75% shall vest in three equal annual installments beginning on November 6, 2014. If the Issuer meets the Performance Metric between November 6, 2014 and November 6, 2015, 50% of the PSAR shall vest upon the Issuer meeting the Performance Metric and the remaining 50% shall vest in two equal annual installments beginning on November 6, 2015. If the Issuer meets the Performance Metric between November 6, 2015 and November 6, 2016, 75% of the PSAR shall vest upon the Issuer meeting the Performance Metric and the remaining 25% shall vest on November 6, 2016. If the Issuer meets the Performance Metric after November 6, 2016, but prior to the expiration date of the PSAR, then 100% of the PSAR shall vest upon the Issuer meeting the Performance Metric. In all cases, PSARs shall only vest subject to continued employment and shall be settled in stock at the time of exercise.
/s/ Donald R. Reynolds, Attorney-in-Fact
2014-08-29