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"Insiders might sell their shares for any number of reasons, but they buy them for only one:
they think the price will rise" - Peter Lynch ==>> What is insider trading>> |

| Transaction & Date | Reported Date |
Company | Symbol | Insider Relationship |
Shares Traded | Average Price | Total Amount |
Shares Ownership |
Filing |
| 2008-01-02 Sale |
2008-01-03 4:44 pm | BLACKBOARD INC | BBBB | Sample David M (Senior Vice President of Sales) | 3,000 | $39.98 | $119,940 | 0 (Direct) | View |
| 2007-10-01 Sale |
2007-10-03 4:38 pm | BLACKBOARD INC | BBBB | Sample David M (Senior Vice President of Sales) | 3,000 | $45.96 | $137,886 | 0 (Direct) |
View |
| 2007-07-16 Sale |
2007-07-18 4:27 pm |
BLACKBOARD INC | BBBB | Sample David M (Senior Vice President of Sales) | 3,000 | $45.64 | $136,920 | 0 (Direct) |
View |
| Transaction & Date | Reported Date | Company | Symbol | Insider Relationship |
Shares Traded | Average Price |
Total Amount | Shares Ownership | Filing |
| 2008-01-25 Exercise | 2008-01-29 4:39 pm | BLACKBOARD INC | BBBB | Sample David M (Senior Vice President of Sales) | 4,914 | $20.08 | $98,673 | 5,914 (Direct) |
View |
| 2007-12-19- -2008-01-02 Exercise |
2008-01-03 4:44 pm | BLACKBOARD INC | BBBB | Sample David M (Senior Vice President of Sales) | 4,000 | $20.08 | $80,320 | 1,000 (Direct) | View |
| 2007-10-01 Exercise | 2007-10-03 4:38 pm |
BLACKBOARD INC | BBBB | Sample David M (Senior Vice President of Sales) | 3,000 | $20.08 | $60,240 | 3,000 (Direct) | View |
| 2007-07-16 Exercise | 2007-07-18 4:27 pm | BLACKBOARD INC | BBBB | Sample David M (Senior Vice President of Sales) | 3,000 | $20.08 | $60,240 | 3,000 (Direct) | View |
| Transaction & Date |
Reported Date | Exercisable Expiration | Company | Symbol | Insider Relationship |
Shares Traded |
Conversion Price | Shares Ownership |
Filing |
| 2008-02-15 Option Award | 2008-02-20 4:33 pm | 2008-02-01 2016-02-15 |
BLACKBOARD INC | BBBB | Sample David M (Senior Vice President of Sales) | 30,000 | $28.75 | 30,000 (Direct) |
View |
| 2008-01-25 Exercise |
2008-01-29 4:39 pm | N/A 2013-06-03 |
BLACKBOARD INC | BBBB | Sample David M (Senior Vice President of Sales) | 4,914 | $20.08 | 55,086 (Direct) |
View |
| 2008-01-02 Exercise |
2008-01-03 4:44 pm |
N/A 2013-06-03 |
BLACKBOARD INC | BBBB | Sample David M (Senior Vice President of Sales) | 3,000 | $20.08 | 61,000 (Direct) |
View |
| 2007-12-19 Exercise |
2008-01-03 4:44 pm |
N/A 2013-06-03 | BLACKBOARD INC | BBBB | Sample David M (Senior Vice President of Sales) | 1,000 | $20.08 | 60,000 (Direct) |
View |
| 2007-10-01 Exercise | 2007-10-03 4:38 pm | N/A 2013-06-03 | BLACKBOARD INC | BBBB | Sample David M (Senior Vice President of Sales) | 3,000 | $20.08 | 64,000 (Direct) |
View |
| 2007-07-16 Exercise |
2007-07-18 4:27 pm | N/A 2013-06-03 |
BLACKBOARD INC | BBBB | Sample David M (Senior Vice President of Sales) | 3,000 | $20.08 | 67,000 (Direct) | View |
| 2007-02-15 Option Award |
2007-02-20 4:39 pm | 2008-01-01 2015-02-15 |
BLACKBOARD INC | BBBB | Sample David M (Senior Vice President of Sales) | 30,000 | $32.65 | 30,000 (Direct) | View |
| 2005-06-03 Option Award | 2005-06-07 5:33 pm |
2006-06-03 2013-06-03 |
BLACKBOARD INC | BBBB | Sample David M (Senior Vice President of Sales) | 70,000 | $20.08 | 70,000 (Direct) | View |
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