BLACKBAUD INC — Director's Dealing 2013

Feb 19, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BLACKBAUD INC (BLKB)
CIK: 0001280058
Period of Report: 2013-02-14

Reporting Person: MISTRETTA JOHN J (Senior VP of Human Resources)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-02-14	Common Stock	A	929	$0.00	Acquired	53556	Direct
2013-02-14	Common Stock	A	1011	$0.00	Acquired	54567	Direct
2013-02-14	Common Stock	F	369	$27.05	Disposed	54198	Direct
2013-02-14	Common Stock	F	401	$27.05	Disposed	53797	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Appreciation Right	$26.11	2014-11-07	Common Stock (43333)	43333	Direct
Stock Appreciation Right	$12.40	2015-11-08	Common Stock (21667)	21667	Direct
Stock Appreciation Right	$22.34	2016-11-11	Common Stock (22000)	22000	Direct
Stock Appreciation Right	$26.79	2017-11-07	Common Stock (22321)	22321	Direct
Stock Appreciation Right	$28.06	2018-11-09	Common Stock (22887)	22887	Direct
Performance Stock Appreciation Right	$22.24	2019-11-06	Common Stock (80504)	80504	Direct

Footnotes

F1: On February 14, 2013, the Compensation Committee determined that these performance-based restricted stock units ("PRSUs") vested based on the Issuer achieving financial performance goals for the period ending December 31, 2012, the final measurement period for PRSUs granted in 2010.

F2: This acquisition represents the number of shares rolled over from prior measurement periods for PRSUs granted in 2010, which vested based on the Issuer achieving financial performance goals for the period ending December 31, 2012.

F3: Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities upon the vesting of PRSUs.

F4: Represents a stock appreciation right which vested in four equal annual installments beginning on November 6, 2008 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 annual 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.