Filing Details

Accession Number:
0001209191-10-017413
Form Type:
4
Zero Holdings:
No
Publication Time:
2010-03-16 13:00:00
Reporting Period:
2010-03-15
Filing Date:
2010-03-16
Accepted Time:
2010-03-16 20:33:46
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 Disposition 2010-03-15 10,915 $41.37 144,678 No 4 S Direct
Common Stock Acquisiton 2010-03-15 4,424 $14.00 149,102 No 4 M Direct
Common Stock Disposition 2010-03-15 4,424 $41.15 144,678 No 4 S Direct
Common Stock Acquisiton 2010-03-15 2,949 $14.00 147,627 No 4 M Direct
Common Stock Disposition 2010-03-15 2,949 $41.03 144,678 No 4 S Direct
Common Stock Acquisiton 2010-03-15 92,627 $17.00 237,305 No 4 M Direct
Common Stock Disposition 2010-03-15 92,627 $41.39 144,678 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
No 4 M Direct
No 4 S 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 2010-03-15 4,424 $0.00 4,424 $14.00
Common Stock Stock Option (right to buy) Disposition 2010-03-15 2,949 $0.00 2,949 $14.00
Common Stock Stock Option (right to buy) Disposition 2010-03-15 92,627 $0.00 92,627 $17.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2005-06-18 2014-06-18 No 4 M Direct
0 2005-04-01 2014-04-01 No 4 M Direct
95 2006-03-01 2013-03-01 No 4 M Direct
Footnotes
  1. The sales reported in this Form 4 were effected pursuant to two Rule 10b5-1 trading plans both adopted by the reporting person on February 5, 2010.
  2. Reflects the weighted average sale price with the range of sale price from $40.95 to $41.95. 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.
  3. Reflects the weighted average sale price with the range of sale price from $40.95 to $41.73. 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.
  4. Reflects the weighted average sale price with the range of sale price from $41.02 to $41.04. 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.
  5. Reflects the weighted average sale price with the range of sale price from $40.99 to $41.95. 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.
  6. The option vested as to 25% of the shares on 06/18/2005 and as to an additional 2.08% of the shares monthly thereafter.
  7. The option vested as to 25% of the shares on 04/01/2005 and as to an additional 2.08% of the shares monthly thereafter.
  8. The option vested as to 33% of the shares on 03/01/2006 and as to an additional 2.79% of the shares monthly thereafter.