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BLACKBAUD INC Director's Dealing 2010

Nov 10, 2010

31361_dirs_2010-11-10_a2e66483-13f2-47ba-8100-4e73f356d034.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: 2010-11-08

Reporting Person: Longfield Charles L (Senior VP and Chief Scientist)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2010-11-08 Common Stock F 861 $26.52 Disposed 18246 Direct
2010-11-08 Common Stock F 431 $26.52 Disposed 17815 Direct
2010-11-08 Common Stock A 4313 $26.79 Acquired 22128 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2010-11-08 Stock Appreciation Right $26.79 A 15402 Acquired 2017-11-07 Common Stock (15402) Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock Appreciation Right $26.11 2014-11-07 Common Stock (36133) 36133 Direct
Stock Appreciation Right $12.40 2015-11-08 Common Stock (18067) 18067 Direct
Stock Appreciation Right $22.34 2019-11-10 Common Stock (17000) 17000 Direct

Footnotes

F1: Represents shares forfeited to the company in connection with the satisfaction of tax liabilities incurred upon the vesting of restricted stock granted November 6, 2007.

F2: Represents shares forfeited to the company in connection with the satisfaction of tax liabilities incurred upon the vesting of restricted stock granted November 7, 2008.

F3: Represents a restricted stock award which vests in four equal annual installments beginning on November 8, 2011, subject to continued employment.

F4: Represents a stock appreciation right which vests in four equal annual installments beginning on November 8, 2011, subject to continued employment, and shall be settled in stock at time of exercise.

F5: 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.

F6: 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.

F7: Represents a stock appreciation right which vests in four equal installments beginning on November 10, 2010, subject to continued employment, and shall be settled in stock at time of exercise.