Statement of Changes in Beneficial Ownership (4)
February 14 2020 - 4:27PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Gianoni Michael P |
2. Issuer Name and Ticker or Trading Symbol
BLACKBAUD INC
[
BLKB
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) President and CEO |
(Last)
(First)
(Middle)
2000 DANIEL ISLAND DRIVE |
3. Date of Earliest Transaction
(MM/DD/YYYY)
2/12/2020 |
(Street)
CHARLESTON, SC 29492
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 2/12/2020 | | A | | 50119 (1) | A | $0.00 | 284245 | D | |
Common Stock | 2/12/2020 | | A | | 66546 (2) | A | $0.00 | 350791 | D | |
Common Stock | 2/12/2020 | | F | | 2888 (3) | D | $81.55 | 347903 | D | |
Common Stock | 2/13/2020 | | F | | 4891 (4) | D | $80.18 | 343012 | D | |
Common Stock | 2/13/2020 | | F | | 4128 (5) | D | $80.18 | 338884 | D | |
Common Stock | 2/13/2020 | | F | | 7061 (6) | D | $80.18 | 331823 | D | |
Common Stock | 2/13/2020 | | F | | 10282 (7) | D | $80.18 | 321541 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Explanation of Responses: |
(1) | Represents a restricted stock award which vests in four equal annual installments beginning on February 12, 2021, subject to continued employment. |
(2) | The Compensation Committee determined that performance restricted stock units ("PRSUs") granted in 2019 would vest in three equal annual installments beginning on February 12, 2020 based on the Issuer achieving performance goals for the period ended December 31, 2019. |
(3) | 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. |
(4) | Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of restricted stock granted February 12, 2018. |
(5) | Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of PRSUs granted February 12, 2018. |
(6) | 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. |
(7) | Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of PRSUs granted February 12, 2019. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Gianoni Michael P 2000 DANIEL ISLAND DRIVE CHARLESTON, SC 29492 | X |
| President and CEO |
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Signatures
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/s/ Donald R. Reynolds, Attorney-in-Fact | | 2/14/2020 |
**Signature of Reporting Person | Date |
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