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BLACKBAUD INC Director's Dealing 2012

Aug 23, 2012

31361_dirs_2012-08-23_8b082f44-ac81-44b7-9e97-2a9e96539b3f.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: 2012-08-22

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

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2012-08-22 Common Stock S 1412 $25.21 Disposed 65264 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 2800 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock Appreciation Right $26.17 2015-02-13 Common Stock (55380) 55380 Direct
Stock Appreciation Right $12.40 2015-11-08 Common Stock (4750) 4750 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: This transaction was executed in multiple trades at prices ranging from $25.20 to $25.26. 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: Represents a stock appreciation right which vested in four equal annual installments beginning on February 12, 2009, subject to continued employment, and shall be settled in stock at time of exercise.

F3: 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.

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.

F5: Represents a stock appreciation right which vested 100% on November 10, 2010 and shall be settled in stock at time of exercise.

F6: Represents a stock appreciation right which vested 100% on November 10, 2011 and shall be settled in stock at time of exercise.

F7: 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.

F8: 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.