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