4

Changes in Ownership

BLACKBAUD INC Filed 2012-02-29 Acc 0001209191-12-014037

General Counsel sold 2,850 shares at $32.21 ($91,799)

General Counsel returned 8,077 shares (to the company)
General Counsel acquired 11,092 shares (option exercise)
General Counsel gave up 1,114 shares (to pay taxes)

From the SEC's structured data for this filing

Trades in this filing

Insider	Date	Transaction	Shares	Price	Value	Owned after	D/I
Olson Jon W General Counsel	2012-02-27	Option exercise	+7,000	$22.34	$156,380	22,200	D
Olson Jon W General Counsel	2012-02-27	Returned to the company	−4,748	$32.94	$156,399	17,452	D
Olson Jon W General Counsel	2012-02-27	Shares withheld for taxes	−849	$32.94	$27,966	16,603	D
Olson Jon W General Counsel	2012-02-27	Option exercise	+4,092	$26.79	$109,625	20,695	D
Olson Jon W General Counsel	2012-02-27	Returned to the company	−3,329	$32.94	$109,657	17,366	D
Olson Jon W General Counsel	2012-02-27	Shares withheld for taxes	−265	$32.94	$8,729	17,101	D
Olson Jon W General Counsel	2012-02-27	Sale	−2,850	$32.21	$91,799	14,251	D
Derivatives
Olson Jon W General Counsel	2012-02-27	Option exercise · Stock Appreciation Right	−7,000			7,000	D
Olson Jon W General Counsel	2012-02-27	Option exercise · Stock Appreciation Right	−4,092			12,277	D
Open-market sales · 2,850 sh · avg $32.21 · $91,799