Sec Form 4 Filing - MISTRETTA JOHN J @ BLACKBAUD INC - 2016-05-24

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
MISTRETTA JOHN J
2. Issuer Name and Ticker or Trading Symbol
BLACKBAUD INC [ BLKB]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
EVP of Human Resources
(Last) (First) (Middle)
2000 DANIEL ISLAND DRIVE
3. Date of Earliest Transaction (MM/DD/YY)
05/24/2016
(Street)
CHARLESTON, SC29492
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 05/24/2016 M 10,000 A $ 22.34 88,957 D
Common Stock 05/24/2016 D 3,633 D $ 61.5 85,324 D
Common Stock 05/24/2016 F( 1 ) 2,570 D $ 61.5 82,754 D
Common Stock 05/24/2016 S 3,797 D $ 61.59 ( 2 ) 78,957 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Appreciation Right $ 22.34 05/24/2016 M 10,000 ( 3 ) 11/11/2016 Common Stock 10,000 $ 0 12,000 D
Stock Appreciation Right $ 26.79 ( 4 ) 11/07/2017 Common Stock 22,321 22,321 D
Stock Appreciation Right $ 28.06 ( 5 ) 11/09/2018 Common Stock 22,887 22,887 D
Performance Stock Appreciation Right $ 22.24 ( 6 ) 11/05/2019 Common Stock 80,504 80,504 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
MISTRETTA JOHN J
2000 DANIEL ISLAND DRIVE
CHARLESTON, SC29492
EVP of Human Resources
Signatures
/s/ Donald R. Reynolds, Attorney-in-Fact 05/26/2016
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities upon the exercise of stock appreciation rights.
( 2 )This transaction was executed in multiple trades at prices ranging from $61.50 to $61.77. 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.
( 3 )Represents a stock appreciation right which vested in four equal annual installments beginning on November 10, 2010, subject to continued employment, and shall be settled in stock at time of exercise.
( 4 )Represents a stock appreciation right which vested in four equal annual installments beginning on November 8, 2011, subject to continued employment, and shall be settled in stock at time of exercise.
( 5 )Represents a stock appreciation right which vested in four equal annual installments beginning on November 10, 2012, subject to continued employment, and shall be settled in stock at time of exercise.
( 6 )Represents a performance stock appreciation right ("PSAR") which vests in four equal annual installments beginning on November 6, 2013 since the Issuer maintained a 25% increase in its stock price over $22.24 for 30 consecutive days prior to November 6, 2013. The PSARs shall only vest subject to continued employment and shall be settled in stock at the time of exercise.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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