Stock Trading History of Hermens James M

The following table details the trading activities (stock purchases, stock sales, and stock option exercises) reported to the Securities and Exchange Commission (SEC) by insider Hermens James M since year 2005. The trader's CIK number is 1291813. At the time of this reporting, Hermens James M is the SVP for Services and Support of Blackboard Inc (stock ticker symbol BBBB).

Stock purchases, sales, and option exercises reported by *Hermens James M* since 2005.
Trade Date	Symbol	Company Name (Issuer)	Trade Type	Shares	Price ($)	Value ($)
2006-05-15	BBBB	Blackboard Inc	Sale	2,400	30.42	73,008
2006-05-15	BBBB	Blackboard Inc	Option Exercise	2,400	10.24	24,564
2006-04-17	BBBB	Blackboard Inc	Sale	2,400	29.00	69,600
2006-04-17	BBBB	Blackboard Inc	Option Exercise	2,400	10.81	25,944
2006-04-04	BBBB	Blackboard Inc	Sale	2,400	29.00	69,600
2006-04-04	BBBB	Blackboard Inc	Option Exercise	2,400	10.24	24,564
2006-03-01	BBBB	Blackboard Inc	Sale	2,400	29.00	69,600
2006-03-01	BBBB	Blackboard Inc	Option Exercise	2,400	9.66	23,184

Insider trading activities including stock purchases, stock sales, and option exercises listed in the above table cannot be completely guaranteed as to their accuracy. For more information regarding the trades made by Hermens James M (SVP for Services and Support of Blackboard Inc at the time of this reporting) see the Securities and Exchange Commission (SEC) website.