BLACKBAUD INC — Director's Dealing 2012

Nov 13, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BLACKBAUD INC (BLKB)
CIK: 0001280058
Period of Report: 2012-11-09

Reporting Person: MOONEY KEVIN W (Pres Gen Markets Business Unit)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-11-09	Common Stock	F	760	$21.90	Disposed	39038	Direct
2012-11-13	Common Stock	F	826	$22.20	Disposed	38212	Direct
2012-11-13	Common Stock	F	918	$22.20	Disposed	37294	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Appreciation Right	$21.40	2015-08-09	Common Stock (32505)	32505	Direct
Stock Appreciation Right	$12.40	2015-11-08	Common Stock (5000)	5000	Direct
Stock Appreciation Right	$22.34	2016-11-11	Common Stock (41449)	41449	Direct
Stock Appreciation Right	$26.79	2017-11-07	Common Stock (33482)	33482	Direct
Stock Appreciation Right	$28.06	2018-11-09	Common Stock (28169)	28169	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 8, 2010.

F2: Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of restricted stock granted November 10, 2009.

F3: Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of restricted stock granted November 10, 2011.

F4: Represents a stock appreciation right which vested in four equal installments beginning on August 8, 2009, subject to continued employment, and shall be settled in stock at time of exercise.

F5: Represents a stock appreciation right which vested in four equal installments beginning on November 7, 2009, 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 installments beginning on November 10, 2010, 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 8, 2011, 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 10, 2012, subject to continued employment, and shall be settled in stock at time of exercise.

F9: For full text of this footnote 9, see Remarks.