BLACKBAUD INC — Director's Dealing 2013

Aug 8, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BLACKBAUD INC (BLKB)
CIK: 0001280058
Period of Report: 2013-08-06

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-08-06	Common Stock	M	16252	$21.40	Acquired	52212	Direct
2013-08-06	Common Stock	D	10049	$34.61	Disposed	42163	Direct
2013-08-06	Common Stock	F	3037	$34.61	Disposed	39126	Direct
2013-08-06	Common Stock	M	2500	$12.40	Acquired	41626	Direct
2013-08-06	Common Stock	D	896	$34.61	Disposed	40730	Direct
2013-08-06	Common Stock	F	786	$34.61	Disposed	39944	Direct
2013-08-06	Common Stock	M	13816	$22.34	Acquired	53760	Direct
2013-08-06	Common Stock	D	8919	$34.61	Disposed	44841	Direct
2013-08-06	Common Stock	F	2399	$34.61	Disposed	42442	Direct
2013-08-06	Common Stock	M	8370	$26.79	Acquired	50812	Direct
2013-08-06	Common Stock	D	6479	$34.61	Disposed	44333	Direct
2013-08-06	Common Stock	F	926	$34.61	Disposed	43407	Direct
2013-08-06	Common Stock	S	7447	$34.56	Disposed	35960	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-08-06	Stock Appreciation Right	$21.40	M	16252	Disposed	2015-08-09	Common Stock (16252)	Direct
2013-08-06	Stock Appreciation Right	$12.40	M	2500	Disposed	2015-11-08	Common Stock (2500)	Direct
2013-08-06	Stock Appreciation Right	$22.34	M	13816	Disposed	2016-11-11	Common Stock (13816)	Direct
2013-08-06	Stock Appreciation Right	$26.79	M	8370	Disposed	2017-11-07	Common Stock (8370)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Appreciation Right	$28.06	2018-11-09	Common Stock (28169)	28169	Direct
Performance Stock Appreciation Right	$22.24	2019-11-05	Common Stock (91481)	91481	Direct

Footnotes

F1: Represents shares forfeited to the issuer in connection with the satisfaction of tax liabilities incurred upon the exercise of stock appreciation rights.

F2: This transaction was executed in multiple trades at prices ranging from $34.43 to $34.61. 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.

F3: 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.

F4: 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.

F5: 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.

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: For full text of this footnote 8, see Remarks.