BLACKBAUD INC — Director's Dealing 2012

Nov 19, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BLACKBAUD INC (BLKB)
CIK: 0001280058
Period of Report: 2012-11-15

Reporting Person: BOOR ANTHONY W (CFO and Senior VP)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-11-15	Common Stock	F	1055	$21.10	Disposed	24339	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Appreciation Right	$28.78	2018-11-13	Common Stock (47106)	47106	Direct
Performance Stock Appreciation Right	$22.24	2019-11-06	Common Stock (91481)	91481	Direct

Footnotes

F1: Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of restricted stock granted November 14, 2011.

F2: Represents a stock appreciation right which vests in four equal annual installments beginning on November 14, 2012, subject to continued employment, and shall be settled in stock at time of exercise.

F3: For full text of this footnote 3, see Remarks.