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BLACKBAUD INC Director's Dealing 2012

Nov 13, 2012

31361_dirs_2012-11-13_7882cf48-7776-4ab5-bc23-d65fb8e05542.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: 2012-11-08

Reporting Person: Olson Jon W (General Counsel)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2012-11-08 Common Stock F 675 $22.13 Disposed 17676 Direct
2012-11-09 Common Stock F 384 $21.90 Disposed 17292 Direct
2012-11-13 Common Stock F 377 $22.20 Disposed 16915 Direct
2012-11-13 Common Stock F 389 $22.20 Disposed 16526 Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock Appreciation Right $22.34 2016-11-11 Common Stock (7000) 7000 Direct
Stock Appreciation Right $26.79 2017-11-07 Common Stock (12277) 12277 Direct
Stock Appreciation Right $28.06 2018-11-09 Common Stock (15493) 15493 Direct
Stock Appreciation Right $22.24 2019-11-05 Common Stock (14600) 14600 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 on November 7, 2008.

F2: 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.

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 shares forfeited to the company in connection with the satisfaction of tax liabilities incurred upon the vesting of restricted stock granted November 10, 2011.

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.

F7: 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.

F8: Represents a stock appreciation right which vests in four equal annual installments beginning on November 6, 2013, subject to continued employment, and shall be settled in stock at time of exercise.