BLACKBAUD INC — Director's Dealing 2017

May 8, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BLACKBAUD INC (BLKB)
CIK: 0001280058
Period of Report: 2017-05-04

Reporting Person: ELLIS GEORGE H (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-05-04	Common Stock	S	1750	$78.88	Disposed	9359	Direct

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $78.85 to $78.91 to fund the reporting person's tax liabilities incurred upon the vesting of restricted stock. 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.