Filing Details

Accession Number:
0001209191-10-018772
Form Type:
4
Zero Holdings:
No
Publication Time:
2010-03-25 13:00:00
Reporting Period:
2010-03-23
Filing Date:
2010-03-25
Accepted Time:
2010-03-25 19:23:01
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 2010-03-23 95 $17.00 144,773 No 4 M Direct
Common Stock Disposition 2010-03-23 95 $44.00 144,678 No 4 S Direct
Common Stock Acquisiton 2010-03-23 44,604 $27.96 189,282 No 4 M Direct
Common Stock Disposition 2010-03-23 44,604 $44.00 144,678 No 4 S Direct
Common Stock Acquisiton 2010-03-24 5,301 $27.96 149,979 No 4 M Direct
Common Stock Disposition 2010-03-24 5,301 $44.00 144,678 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
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 2010-03-23 95 $0.00 95 $17.00
Common Stock Stock Option (right to buy) Disposition 2010-03-23 44,604 $0.00 44,604 $27.96
Common Stock Stock Option (right to buy) Disposition 2010-03-24 5,301 $0.00 5,301 $27.96
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2006-03-01 2013-03-01 No 4 M Direct
95,396 2007-02-01 2014-03-15 No 4 M Direct
90,095 2007-02-01 2014-03-15 No 4 M Direct
Footnotes
  1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 5, 2010.
  2. The option vested as to 33% of the shares 03/01/2006 and as to an additional 2.79% of the shares monthly thereafter.
  3. The option vested as to 33% of the shares on 2/01/2007 and as to an additional 2.79% of the shares monthly thereafter.