0001209191-13-016923.txt : 20130315 0001209191-13-016923.hdr.sgml : 20130315 20130315170508 ACCESSION NUMBER: 0001209191-13-016923 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20130313 FILED AS OF DATE: 20130315 DATE AS OF CHANGE: 20130315 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: BLACKBAUD INC CENTRAL INDEX KEY: 0001280058 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 112617163 FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 2000 DANIEL ISLAND DRIVE CITY: CHARLESTON STATE: SC ZIP: 24992-7541 BUSINESS PHONE: 8432166200 MAIL ADDRESS: STREET 1: 2000 DANIEL ISLAND DRIVE CITY: CHARLESTON STATE: SC ZIP: 24992-7541 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: MISTRETTA JOHN J CENTRAL INDEX KEY: 0001068740 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-50600 FILM NUMBER: 13694973 MAIL ADDRESS: STREET 1: ONE COMMERCE SQUARE CITY: MEMPHIS STATE: TN ZIP: 38150 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2013-03-13 0 0001280058 BLACKBAUD INC BLKB 0001068740 MISTRETTA JOHN J 2000 DANIEL ISLAND DRIVE CHARLESTON SC 29492 0 1 0 0 Senior VP of Human Resources Common Stock 2013-03-13 4 S 0 2043 29.90 D 49592 D Common Stock 2013-03-14 4 S 0 4056 30.49 D 45536 D Stock Appreciation Right 26.11 2014-11-07 Common Stock 43333 43333 D Stock Appreciation Right 12.40 2015-11-08 Common Stock 21667 21667 D Stock Appreciation Right 22.34 2016-11-11 Common Stock 22000 22000 D Stock Appreciation Right 26.79 2017-11-07 Common Stock 22321 22321 D Stock Appreciation Right 28.06 2018-11-09 Common Stock 22887 22887 D Performance Stock Appreciation Right 22.24 2019-11-06 Common Stock 80504 80504 D This sale was effected pursuant to a Rule 10b5-1 trading plan executed by the reporting person on February 28, 2013 and effective on March 4, 2013. Represents a stock appreciation right which vested in four equal annual installments beginning on November 6, 2008 and shall be settled in stock at time of exercise. 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 vests 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 2013-03-15