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BLACKBAUD INC Director's Dealing 2011

Nov 14, 2011

31361_dirs_2011-11-14_a7fb988c-8bb8-4518-871d-8d9a03cfe59e.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: 2011-11-09

Reporting Person: Chardon Marc (Director, President and CEO)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2011-11-09 Common Stock F 2546 $29.71 Disposed 60711 Direct
2011-11-10 Common Stock A 23754 $28.06 Acquired 84465 Direct
2011-11-14 Common Stock F 2736 $28.06 Disposed 81729 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 2800 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Employee Stock Option (Right to Buy) $16.10 2012-11-28 Common Stock (179231) 179231 Direct
Stock Appreciation Right $26.17 2015-02-13 Common Stock (55380) 55380 Direct
Stock Appreciation Right $12.40 2015-11-08 Common Stock (9500) 9500 Direct
Stock Appreciation Right $22.34 2016-11-11 Common Stock (65299) 65299 Direct
Stock Appreciation Right $21.44 2017-02-10 Common Stock (100000) 100000 Direct
Stock Appreciation Right $22.58 2017-05-10 Common Stock (100000) 100000 Direct
Stock Appreciation Right $24.00 2017-08-10 Common Stock (100000) 100000 Direct
Stock Appreciation Right $26.79 2017-11-07 Common Stock (104167) 104167 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 on November 8, 2010.

F2: Represents a restricted stock award which vests in four equal annual installments beginning on November 10, 2012, subject to continued employment.

F3: Represents shares forfeited to the company in connection with the satisfaction of tax liabilities incurred upon the vesting of restricted stock granted on November 10, 2009.

F4: The option vested 1/4 on November 28, 2006 and 1/12 every three months thereafter.

F5: Represents a stock appreciation right which vests in four equal annual installments beginning on February 12, 2009, 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 annual 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 annual installments beginning on November 10, 2010, subject to continued employment, and shall be settled in stock at time of exercise.

F8: Represents a stock appreciation right which vested 100% on November 10, 2010 and shall be settled in stock at time of exercise.

F9: Represents a stock appreciation right which vested 100% on November 10, 2011 and shall be settled in stock at time of exercise.

F10: Represents a stock appreciation right which will vest 100% on November 12, 2012, subject to continued employment, and shall be settled in stock at time of exercise.

F11: 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.