Filing Details

Accession Number:
0001209191-10-002120
Form Type:
4
Zero Holdings:
No
Publication Time:
2010-01-06 12:00:00
Reporting Period:
2010-01-04
Filing Date:
2010-01-06
Accepted Time:
2010-01-06 19:22:33
SEC Url:
Form 4 Filing
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 Explanation
Common Stock Acquisiton 2010-01-04 40,000 $9.34 110,000 No 4 M Direct
Common Stock Disposition 2010-01-04 40,000 $45.66 70,000 No 4 S Direct
Common Stock Disposition 2010-01-04 7,585 $45.66 62,415 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Stock Options (right to buy) Acquisiton 2010-01-04 40,000 $0.00 40,000 $9.34
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
99,276 2011-11-30 No 4 M Direct
Footnotes
  1. This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 22, 2009.
  2. Reflects the weighted average sale price with the range of sale price from $45.45 to $45.94. 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 sold at each price within the range.
  3. This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 21, 2009.
  4. Reflects the weighted average sale price with the range of sale price from $45.44 to $45.91. 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 sold at each price within the range.
  5. 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.