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BLACKBAUD INC Director's Dealing 2010

Oct 19, 2010

31361_dirs_2010-10-19_6cf3f25a-40a4-4d42-b25c-e3a4dc8d22a4.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BLACKBAUD INC (BLKB)
CIK: 0001280058
Period of Report: 2010-10-15

Reporting Person: Attanasi Louis J (Senior VP of Product Dev)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2010-10-15 Common Stock S 2500 $25.24 Disposed 76965 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 20078 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock Appreciation Right $26.75 2011-11-10 Common Stock (24774) 24774 Direct
Stock Appreciation Right $26.11 2014-11-07 Common Stock (43333) 43333 Direct
Stock Appreciation Right $12.40 2015-11-08 Common Stock (16251) 16251 Direct
Stock Appreciation Right $22.34 2019-11-10 Common Stock (23500) 23500 Direct

Footnotes

F1: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 28, 2010 and effective on June 2, 2010.

F2: Represents a stock appreciation right which vests in four equal annual installments beginning on November 6, 2008, subject to continued employment, and shall be settled in stock at time of exercise.

F3: Represents a stock appreciation right which vests in four equal installments beginning on November 7, 2009, subject to continued employment, and shall be settled in stock at time of exercise.

F4: Represents a stock appreciation right which vests in four equal annual installments beginning on November 10, 2010, subject to continued employment.