X0306 4 2012-11-14 0 0001280058 BLACKBAUD INC BLKB 0001180692 MOONEY KEVIN W 2000 DANIEL ISLAND DRIVE CHARLESTON SC 29492 0 1 0 0 Pres Gen Markets Business Unit Common Stock 2012-11-14 4 S 0 3330 21.40 D 33964 D Stock Appreciation Right 21.40 2015-08-09 Common Stock 32505 32505 D Stock Appreciation Right 12.40 2015-11-08 Common Stock 5000 5000 D Stock Appreciation Right 22.34 2016-11-11 Common Stock 41449 41449 D Stock Appreciation Right 26.79 2017-11-07 Common Stock 33482 33482 D Stock Appreciation Right 28.06 2018-11-09 Common Stock 28169 28169 D Performance Stock Appreciation Right 22.24 2019-11-06 Common Stock 91481 91481 D This transaction was executed in multiple trades at prices ranging from $21.39 to $21.42. 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. Represents a stock appreciation right which vested in four equal installments beginning on August 8, 2009, subject to continued employment, and shall be settled in stock at time of exercise. Represents a stock appreciation right which vested in four equal installments beginning on November 7, 2009, subject to continued employment, and shall be settled in stock at time of exercise. Represents a stock appreciation right which vests in four equal installments beginning on November 10, 2010, subject to continued employment, and shall be settled in stock at time of exercise. Represents a stock appreciation right which vests in four equal annual installments beginning on November 8, 2011, subject to continued employment, and shall be settled in stock at time of exercise. Represents a stock appreciation right which vests in four equal annual installments beginning on November 10, 2012, subject to continued employment, and shall be settled in stock at time of exercise. For full text of this footnote 7, see Remarks. (Text to footnote 7) Represents a performance stock appreciation right ("PSAR") which will vest if the Issuer has maintained a 25% increase in its stock price over $22.24 for any 30 consecutive days prior to the expiration date of the PSAR (the "Performance Metric"), such vesting to occur in four equal annual installments beginning on November 6, 2013, if the Issuer meets the Performance Metric prior to such date. If the Issuer meets the Performance Metric between November 6, 2013 and November 6, 2014, 25% of the PSAR shall vest upon the Issuer meeting the Performance Metric and the remaining 75% shall vest in three equal annual installments beginning on November 6, 2014. If the Issuer meets the Performance Metric between November 6, 2014 and November 6, 2015, 50% of the PSAR shall vest upon the Issuer meeting the Performance Metric and the remaining 50% shall vest in two equal annual installments beginning on November 6, 2015. If the Issuer meets the Performance Metric between November 6, 2015 and November 6, 2016, 75% of the PSAR shall vest upon the Issuer meeting the Performance Metric and the remaining 25% shall vest on November 6, 2016. If the Issuer meets the Performance Metric after November 6, 2016, but prior to the expiration date of the PSAR, then 100% of the PSAR shall vest upon the Issuer meeting the Performance Metric. In all cases, PSARs shall only vest subject to continued employment and shall be settled in stock at the time of exercise. /s/ Donald R. Reynolds, Attorney-in-Fact 2012-11-16