Jon W. Olson - 23 Feb 2022 Form 4/A - Amendment Insider Report for BLACKBAUD INC (BLKB)

Role
SVP and General Counsel
Signature
/s/ Donald R. Reynolds, Attorney-in-Fact
Issuer symbol
BLKB
Transactions as of
23 Feb 2022
Net transactions value
-$174,761
Form type
4/A - Amendment
Filing time
02 Mar 2022, 20:47:33 UTC
Date Of Original Report
25 Feb 2022
Previous filing
15 Feb 2022
Next filing
02 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BLKB Common Stock Award $0 +3,694 +8.4% $0.000000 47,607 26 Feb 2022 Direct F1
transaction BLKB Common Stock Award $0 +9,110 +19% $0.000000 56,717 24 Feb 2022 Direct F2
transaction BLKB Common Stock Award $0 +8,262 +15% $0.000000 64,979 23 Feb 2022 Direct F3
transaction BLKB Common Stock Award $0 +2,783 +4.3% $0.000000 67,762 23 Feb 2022 Direct F4
transaction BLKB Common Stock Tax liability $86,938 -1,277 -1.9% $68.08 66,485 24 Feb 2022 Direct F5
transaction BLKB Common Stock Tax liability $87,823 -1,290 -1.9% $68.08 65,195 24 Feb 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.