Home > Insider Trading > Filing (0001209191-10-005167)

Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1106942	Blackboard Inc	BBBB	Services-Prepackaged Software (7372)	522081178

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1291653	L Michael Chasen	650 Massachusetts Ave, Nw 6Th Floor Washington DC 20001	Ceo, President	Yes	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2010-01-25	40,000	$9.34	121,196	No	4	M	Direct
Common Stock	Disposition	2010-01-25	40,000	$40.90	81,196	No	4	S	Direct
Common Stock	Acquisiton	2010-01-25	42,824	$9.34	124,020	No	4	M	Direct
Common Stock	Acquisiton	2010-01-25	1,573	$9.66	125,593	No	4	M	Direct
Common Stock	Acquisiton	2010-01-26	16,452	$9.34	142,045	No	4	M	Direct
Common Stock	Disposition	2010-01-26	16,452	$40.74	125,593	No	4	S	Direct
Common Stock	Acquisiton	2010-01-26	3,146	$9.66	128,739	No	4	M	Direct
Common Stock	Disposition	2010-01-26	3,146	$40.95	125,593	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	M	Direct
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Stock Option (right to buy)	Disposition	2010-01-25	40,000	$0.00	40,000	$9.34
Common Stock	Stock Option (right to buy)	Disposition	2010-01-25	42,824	$0.00	42,824	$9.34
Common Stock	Stock Option (right to buy)	Disposition	2010-01-25	1,573	$0.00	1,573	$9.66
Common Stock	Stock Option (right to buy)	Disposition	2010-01-26	16,452	$0.00	16,452	$9.34
Common Stock	Stock Option (right to buy)	Disposition	2010-01-26	3,146	$0.00	3,146	$9.66

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
59,276	2011-11-30	No	4	M	Direct
16,452	2011-11-30	No	4	M	Direct
3,146	2013-09-10	No	4	M	Direct
0	2011-11-30	No	4	M	Direct
0	2013-09-10	No	4	M	Direct

Footnotes

The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 24, 2009.
Reflects the weighted average sale price with the range of sale price from $40.72 to $41.19. The reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares purchased at each price within the range.
Reflects the weighted average sale price with the range of sale price from $40.20 to $41.13. The reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares purchased at each price within the range.
Reflects the weighted average sale price with the range of sale price from $40.92 to $41.01 The reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares purchased at each price within the range.
The option vested as to 25% of the shares on 11/09/2002 and as to an additional 2.08% of the shares monthly thereafter.
The option vested as to 25% of the shares on 09/10/2004 and as to an additional 2.08% of the shares monthly thereafter.