SEC FORM 4 SEC Form 4
FORM 4 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
or Section 30(h) of the Investment Company Act of 1940
 
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Cumbaa Charles T

(Last) (First) (Middle)
2000 DANIEL ISLAND DRIVE

(Street)
CHARLESTON SC 29492

(City) (State) (Zip)
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)
Senior VP, Products & Services
3. Date of Earliest Transaction (Month/Day/Year)
05/06/2009
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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 05/06/2009 S 91 D $15.16 53,998 D
Common Stock 05/06/2009 S 300 D $15.17 53,698 D
Common Stock 05/06/2009 S 400 D $15.18 53,298 D
Common Stock 05/06/2009 S 99 D $15.19 53,199 D
Common Stock 05/06/2009 S 200 D $15.2 52,999 D
Common Stock 05/06/2009 S 110 D $15.21 52,889 D
Common Stock 05/06/2009 S 400 D $15.22 52,489 D
Common Stock 05/06/2009 S 100 D $15.24 52,389 D
Common Stock 05/06/2009 S 200 D $15.3 52,189 D
Common Stock 05/06/2009 S 200 D $15.31 51,989 D
Common Stock 05/06/2009 S 100 D $15.32 51,889 D
Common Stock 05/06/2009 S 100 D $15.34 51,789 D
Common Stock 05/06/2009 S 200 D $15.38 51,589 D
Common Stock 05/06/2009 S 200 D $15.41 51,389 D
Common Stock 05/06/2009 S 100 D $15.43 51,289 D
Common Stock 05/06/2009 S 100 D $15.44 51,189 D
Common Stock 05/06/2009 S 100 D $15.48 51,089 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 (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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 (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (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: 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 $26.75 11/09/2009(1) 11/10/2011 Common Stock 24,774 24,774 D
Stock Option (Right to Buy) $5.44 (2) 10/18/2012 Common Stock 70,000 70,000 D
Stock Appreciation Right $26.11 (3) 11/07/2014 Common Stock 53,333 53,333 D
Stock Appreciation Right $12.4 (4) 11/08/2015 Common Stock 26,667 26,667 D
Explanation of Responses:
1. 100% of the stock appreciation right vests three years from the date of grant, subject to continued employment, and shall be settled in stock at time of exercise.
2. The option vested in four equal installments beginning October 18, 2003.
3. Represents a stock appreciation right which vests in four equal annual installments beginning on November 6, 2008, subject to continued employment, and shall be settled in stock at time of exercise.
4. Represents a stock appreciation right which vests in four equal installments beginning on November 7, 2009, subject to continued employment, and shall be settled in stock at time of exercise.
Remarks:
/s/ Donald R. Reynolds, as attorney-in-fact 05/07/2009
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
Ex. 24.4

POWER OF ATTORNEY

	Known all by these presents, that the undersigned hereby constitutes and
appoints each of Timothy V. Williams, Jon Olson, Heidi Strenck and Donald R.
Reynolds, and each of them acting alone, signing individually, the undersigned's
true and lawful attorney-in-fact to:  (1) execute for and on behalf of the
undersigned, in the undersigned's capacity as an officer, director and/or 10% or
more stockholder of Blackbaud, Inc. (the "Company"), Forms ID, 3, 4 and 5 (and
any amendments thereto) in accordance with Section 16(a) of the Securities
Exchange Act of 1934, as amended (the "1934 Act"), and the rules promulgated
thereunder; (2) do and perform any and all acts for and on behalf of the
undersigned which may be necessary or desirable to complete and execute any such
Form ID, 3, 4 or 5 (and any amendments thereto) and to file timely such form
with the United States Securities and Exchange Commission and any stock exchange
or similar authority; and (3) take any other action of any type whatsoever in
connection with the foregoing which in the opinion of such attorney-in-fact may
be of benefit to, in the best interest of, or legally required by, the
undersigned, it being understood that the documents executed by such
attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney
shall be in such form and shall contain such terms and conditions as such
attorney-in-fact may approve in such attorney-in-fact's discretion.

	The undersigned hereby grants to each such attorney-in-fact full power and
authority to do and perform any and every act and thing whatsoever requisite,
necessary or proper to be done in the exercise of any of the rights and powers
herein granted, as fully to all intents and purposes as the undersigned might or
could do if personally present, with full power of substitution or revocation,
hereby ratifying and confirming all that such attorney-in-fact, or such
attorney-in-fact's substitute or substitutes, shall lawfully do or cause to be
done by virtue of this power of attorney and the rights and powers herein
granted.  The undersigned acknowledges that the foregoing attorneys-in-fact, in
serving in such capacity at the request of the undersigned, are not assuming,
nor is the Company assuming, any of the undersigned's responsibilities to comply
with Section 16 of the 1934 Act.

	This Power of Attorney shall remain in full force and effect until the
undersigned is no longer required to file Forms ID, 3, 4 and 5 with respect to
the undersigned's holdings of and transactions in securities issued by the
Company, unless earlier revoked by the undersigned in a signed writing delivered
to each of the foregoing attorneys-in-fact.

	IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be
executed as of this 7th day of May 2009.

						/s/ Charles T. Cumbaa
						Charles T. Cumbaa