Graham Smith - May 13, 2021 Form 4 Insider Report for BLACKLINE, INC. (BL)

Role
Director
Signature
/s/ Karole Morgan-Prager, Attorney-in-Fact
Stock symbol
BL
Transactions as of
May 13, 2021
Transactions value $
-$220,625
Form type
4
Date filed
5/17/2021, 04:19 PM
Next filing
May 19, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BL Common Stock Options Exercise $36.3K +2.5K +28.22% $14.50 11.4K May 13, 2021 Direct F1
transaction BL Common Stock Sale -$257K -2.5K -22.01% $102.75 8.86K May 13, 2021 Direct F1
transaction BL Common Stock Award $0 +1.85K +20.85% $0.00 10.7K May 13, 2021 Direct F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BL Stock Option (right to buy) Options Exercise $0 -2.5K -3.88% $0.00 62K May 13, 2021 Common Stock 2.5K $14.50 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sale transaction reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 12, 2021.
F2 Reflects automatic annual restricted stock unit ("RSU") awards pursuant to the Issuer's Outside Director Compensation Policy.
F3 The reported securities awarded on May 13, 2021 (the "Award Date") represent RSUs which vest in full upon the earlier of the one (1) year anniversary of the Award Date or the day prior to the Issuer's next annual meeting of the stockholders and in each case subject to the Reporting Person's continued service on the Issuer's board of directors through each vesting date.
F4 The original option was granted for 100,000 shares and has been partially exercised. The shares subject to the original option vest in 4 equal, annual installments beginning on the one year anniversary of May 20, 2015.