BLACKBAUD INC — Director's Dealing 2021

Feb 18, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BLACKBAUD INC (BLKB)
CIK: 0001280058
Period of Report: 2021-02-16

Reporting Person: McDearis Kevin (Chief Products Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-16	Common Stock	F	1280	$76.54	Disposed	94154	Direct
2021-02-16	Common Stock	F	1033	$76.54	Disposed	93121	Direct
2021-02-16	Common Stock	F	1766	$76.54	Disposed	91355	Direct
2021-02-16	Common Stock	F	2571	$76.54	Disposed	88784	Direct
2021-02-16	Common Stock	F	1452	$76.54	Disposed	87332	Direct
2021-02-16	Common Stock	F	2299	$76.54	Disposed	85033	Direct
2021-02-16	Common Stock	F	1753	$76.54	Disposed	83280	Direct
2021-02-17	Common Stock	S	8000	$71.3437	Disposed	75280	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 February 12, 2018.

F2: Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of performance restricted stock units ("PRSUs") granted February 12, 2018.

F3: Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of restricted stock granted February 12, 2019.

F4: Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of PRSUs granted February 12, 2019.

F5: Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of restricted stock granted February 12, 2020.

F6: Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of PRSUs granted February 12, 2020.

F7: Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of restricted stock granted February 14, 2017.

F8: This transaction was executed in multiple trades at prices ranging from $71.05 to $71.59. 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.