Filing Details
- Accession Number:
- 0001209191-11-051099
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2011-10-06 21:16:58
- Reporting Period:
- 2011-10-04
- Filing Date:
- 2011-10-06
- Accepted Time:
- 2011-10-06 21:16:58
- 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 |
|---|---|---|---|---|---|---|---|
| 1484561 | Iii P. Raymond Henderson | 650 Massachusetts Ave, Nw 6Th Floor Washington DC 20001 | President, Blackboard Learn | No | 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 | 2011-10-04 | 5,000 | $45.00 | 98,960 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2011-10-04 | 98,960 | $45.00 | 0 | No | 4 | D | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | S | Direct | |
| No | 4 | D | 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 | 2011-10-04 | 29,830 | $0.00 | 29,830 | $38.11 |
| Common Stock | Stock Option (right to buy) | Disposition | 2011-10-04 | 40,000 | $0.00 | 40,000 | $37.71 |
| Common Stock | Stock Option (right to buy) | Disposition | 2011-10-04 | 20,000 | $0.00 | 20,000 | $28.85 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2019-02-15 | No | 4 | D | Direct | |
| 0 | 2018-02-15 | No | 4 | D | Direct | |
| 0 | 2017-06-15 | No | 4 | D | Direct |
Footnotes
- This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 23, 2011.
- Disposed of pursuant to the terms of the Agreement and Plan of Merger, dated June 30, 2011 (the "Merger Agreement"), by and among Blackboard Inc., Bulldog Holdings, LLC, and Bulldog Acquisition Sub, Inc., providing for the merger of Bulldog Acquisition Sub, Inc. with and into Blackboard Inc. (the "Merger"), in exchange for the merger consideration of $45.00 in cash per share of common stock (the "Merger Consideration").
- Disposed of pursuant to the terms of the Merger Agreement. All unvested options vested in full immediately prior to the effective time of the Merger and were then cancelled in exchange for a cash payment equal to (i) the excess of (a) the Merger Consideration over (b) the exercise price per share under the option, multiplied by (ii) the number of shares of the Issuer's common stock subject to the option.
Billionaire Hedge Funds
