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BLACKBAUD INC Director's Dealing 2010

Nov 12, 2010

31361_dirs_2010-11-12_3efe4421-4184-40fc-8cb4-6aec1157bd5b.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: 2010-11-10

Reporting Person: Zink Gerard J (Senior VP of Customer Support)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2010-11-10 Common Stock F 544 $27.00 Disposed 22262 Direct
2010-11-11 Common Stock S 3764 $26.71 Disposed 18498 Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock Appreciation Right $26.79 2017-11-07 Common Stock (21577) 21577 Direct
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 (21667) 21667 Direct
Stock Appreciation Right $22.34 2019-11-10 Common Stock (22000) 22000 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 10, 2009.

F2: Represents a restricted stock award which vests in four equal annual installments beginning on November 8, 2011, subject to continued employment.

F3: 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.

F4: 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.

F5: Represents a stock appreciation right which vests in four equal annual installments beginning on November 10, 2010, subject to continued employment, and shall be settled in stock at time of exercise.