BLACKBAUD INC — Director's Dealing 2016

Nov 10, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BLACKBAUD INC (BLKB)
CIK: 0001280058
Period of Report: 2016-11-07

Reporting Person: MOONEY KEVIN W (EVP, Pres Gen Markets Group)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-11-07	Common Stock	F	1380	$58.83	Disposed	72797	Direct
2016-11-07	Common Stock	F	1590	$58.83	Disposed	71207	Direct
2016-11-07	Common Stock	M	8371	$26.79	Acquired	79578	Direct
2016-11-07	Common Stock	D	3694	$60.72	Disposed	75884	Direct
2016-11-07	Common Stock	F	2290	$60.72	Disposed	73594	Direct
2016-11-07	Common Stock	M	7042	$28.06	Acquired	80636	Direct
2016-11-07	Common Stock	D	3255	$60.72	Disposed	77381	Direct
2016-11-07	Common Stock	F	1855	$60.72	Disposed	75526	Direct
2016-11-07	Common Stock	S	4319	$60.85	Disposed	71207	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-11-07	Stock Appreciation Right	$26.79	M	8371	Disposed	2017-11-07	Common Stock (8371)	Direct
2016-11-07	Stock Appreciation Right	$28.06	M	7042	Disposed	2018-11-09	Common Stock (7042)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Performance Stock Appreciation Right	$22.24	2019-11-05	Common Stock (68611)	68611	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 6, 2012.

F2: Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of restricted stock granted November 6, 2013.

F3: Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the exercise of stock appreciation rights.

F4: This transaction was executed in multiple trades at prices ranging from $60.67 to $60.97. 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.

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

F6: Represents a stock appreciation right which vested in four equal annual installments beginning on November 10, 2012, subject to continued employment, and shall be settled in stock at time of exercise.

F7: Represents a performance stock appreciation right ("PSAR") which vested in four equal annual installments beginning on November 6, 2013 since the Issuer maintained a 25% increase in its stock price over $22.24 for 30 consecutive days prior to November 6, 2013. The PSARs shall be settled in stock at the time of exercise.