BLACKBAUD INC — Director's Dealing 2012

Nov 8, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BLACKBAUD INC (BLKB)
CIK: 0001280058
Period of Report: 2012-11-06

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-11-06	Common Stock	A	11270	$0.00	Acquired	25394	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-11-06	Performance Stock Appreciation Right	$22.24	A	91481	Acquired	2019-11-06	Common Stock (91481)	Direct

Holdings (Derivative)

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

Footnotes

F1: Represents a restricted stock award which vests in four equal annual installments beginning on November 6, 2013, subject to continued employment.

F2: For full text of this footnote 2, see Remarks.

F3: 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.