BLACKBAUD INC — Director's Dealing 2011

Nov 15, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BLACKBAUD INC (BLKB)
CIK: 0001280058
Period of Report: 2011-11-14

Reporting Person: Leitch Andrew M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-11-14	Common Stock	M	5000	$8.00	Acquired	12980	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-11-14	Stock Option (Right to Buy)	$8.00	M	5000	Disposed	2014-07-22	Common Stock (5000)	Direct

Footnotes

F1: The option vested in four equal annual installments beginning on 07/22/2005.