Michael P. Gianoni - Feb 23, 2022 Form 4/A - Amendment Insider Report for BLACKBAUD INC (BLKB)

Role
President and CEO, Director
Signature
/s/ Donald R. Reynolds, Attorney-in-Fact
Stock symbol
BLKB
Transactions as of
Feb 23, 2022
Transactions value $
-$798,715
Form type
4/A - Amendment
Date filed
3/2/2022, 08:35 PM
Date Of Original Report
Feb 25, 2022
Previous filing
Feb 15, 2022
Next filing
Mar 2, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BLKB Common Stock Award $0 +16.1K +7.23% $0.00 240K Feb 26, 2022 Direct F1
transaction BLKB Common Stock Award $0 +58.3K +24.34% $0.00 298K Feb 24, 2022 Direct F2
transaction BLKB Common Stock Award $0 +37.8K +12.68% $0.00 336K Feb 23, 2022 Direct F3
transaction BLKB Common Stock Award $0 +12.7K +3.79% $0.00 348K Feb 23, 2022 Direct F4
transaction BLKB Common Stock Tax liability -$397K -5.84K -1.68% $68.08 342K Feb 24, 2022 Direct F5
transaction BLKB Common Stock Tax liability -$401K -5.9K -1.72% $68.08 337K Feb 24, 2022 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents performance restricted stock units ("PRSUs") granted on February 26, 2021 that vested in full on February 26, 2022.
F2 Represents a restricted stock award which vests in three equal annual installments beginning on February 24, 2023, subject to continued employment.
F3 The Compensation Committee determined that PRSUs granted on February 10, 2021 would vest in three equal annual installments, initially on February 23, 2022 with subsequent vests on February 10, 2023 and 2024, based on the Issuer achieving performance goals for the period ended December 31, 2021.
F4 The Compensation Committee determined that a portion of PRSUs granted on February 10, 2021 would vest in full on February 23, 2022 based on the Issuer achieving performance goals for the period ended December 31, 2021, subject to continued employment. The remaining PRSUs granted on February 10, 2021 will vest dependent on the achievement of performance goals for the periods ended December 31, 2022 and December 31, 2023, subject to continued employment.
F5 Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of PRSUs granted February 10, 2021.

Remarks:

The Form 4 amendment is being filed to report certain corrected transaction dates and vesting schedules for the reported transactions.