BLACKBAUD INC — Director's Dealing 2017

Feb 16, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BLACKBAUD INC (BLKB)
CIK: 0001280058
Period of Report: 2017-02-14

Reporting Person: Gianoni Michael P (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-02-14	Common Stock	A	37810	$0.00	Acquired	319264	Direct
2017-02-15	Common Stock	F	6715	$72.16	Disposed	312549	Direct
2017-02-15	Common Stock	F	5036	$72.16	Disposed	307513	Direct

Footnotes

F1: Represents a restricted stock award which vests in four equal annual installments beginning on February 14, 2018, subject to continued employment.

F2: Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of performance restricted stock units granted February 14, 2014.

F3: Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of restricted stock granted February 14, 2014.