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BLACKBAUD INC Director's Dealing 2011

Nov 14, 2011

31361_dirs_2011-11-14_f207fb52-ad92-4758-be15-a10854630491.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: Olson Jon W (General Counsel)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2011-11-09 Common Stock F 384 $29.71 Disposed 10932 Direct
2011-11-10 Common Stock A 4645 $28.06 Acquired 15577 Direct
2011-11-14 Common Stock F 377 $28.06 Disposed 15200 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2011-11-10 Stock Appreciation Right $28.06 A 15493 Acquired 2018-11-09 Common Stock (15493) Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock Appreciation Right $22.34 2016-11-11 Common Stock (14000) 14000 Direct
Stock Appreciation Right $26.79 2017-11-07 Common Stock (16369) 16369 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 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 November 10, 2009.

F4: Represents a stock appreciation right which vests in four equal annual installments beginning on November 10, 2012, 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.

F6: 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.