BLACKBAUD INC — Director's Dealing 2015

Aug 14, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BLACKBAUD INC (BLKB)
CIK: 0001280058
Period of Report: 2015-08-12

Reporting Person: ELLIS GEORGE H (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-08-12	Common Stock	A	2798	$0.00	Acquired	15960	Direct
2015-08-12	Common Stock	S	3000	$60.33	Disposed	12960	Direct

Footnotes

F1: Represents a restricted stock award, all of which shall vest on August 12, 2016 or, if earlier, immediately prior to the 2016 annual election of directors of the Company, provided that the reporting person is then serving as a director of the Company.

F2: This transaction was executed in multiple trades ranging from $60.14 to $60.39. 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.