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BLACKBAUD INC Director's Dealing 2011

Nov 14, 2011

31361_dirs_2011-11-14_7dd11e04-45e7-4edd-92d2-b7d3766ef64d.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: 2011-11-14

Reporting Person: WILLIAMS TIMOTHY V (Former CFO)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2011-11-14 Common Stock F 636 $28.06 Disposed 31521 Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock Appreciation Right $26.11 2014-11-07 Common Stock (53333) 53333 Direct
Stock Appreciation Right $12.40 2015-11-08 Common Stock (26667) 26667 Direct
Stock Appreciation Right $22.34 2016-11-11 Common Stock (25500) 25500 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 stock appreciation right which vested in four equal annual installments beginning on November 6, 2008 and shall be settled in stock at time of exercise.

F3: 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.

F4: 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.