BLACKBAUD INC — Director's Dealing 2011

May 23, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BLACKBAUD INC (BLKB)
CIK: 0001280058
Period of Report: 2011-05-19

Reporting Person: Leitch Andrew M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-05-19	Common Stock	S	4144	$28.41	Disposed	3548	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$8.00	2014-07-22	Common Stock (5000)	5000	Direct

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $28.35 to $28.46. The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.

F2: The option vested in four equal annual installments beginning on 07/22/2005.