Stock Trading History of Ward Germaine

The following table details the trading activities (stock purchases, stock sales, and stock option exercises) reported to the Securities and Exchange Commission (SEC) by insider Ward Germaine since year 2005. The trader's CIK number is 1294979. At the time of this reporting, Ward Germaine is the Vice President of Products of Blackbaud Inc (stock ticker symbol BLKB).

Stock purchases, sales, and option exercises reported by *Ward Germaine* since 2005.
Trade Date	Symbol	Company Name (Issuer)	Trade Type	Shares	Price ($)	Value ($)
2006-05-11	BLKB	Blackbaud Inc	Option Exercise	36,200	4.80	173,760
2006-05-12	BLKB	Blackbaud Inc	Option Exercise	26,300	4.80	126,240
2006-05-11	BLKB	Blackbaud Inc	Sale	36,200	20.09	727,181
2006-05-12	BLKB	Blackbaud Inc	Sale	26,300	20.10	528,662
2006-03-07	BLKB	Blackbaud Inc	Option Exercise	35,000	4.80	168,000
2006-03-07	BLKB	Blackbaud Inc	Sale	35,000	19.14	669,884
2006-01-05	BLKB	Blackbaud Inc	Option Exercise	12,400	4.80	59,520
2006-01-06	BLKB	Blackbaud Inc	Option Exercise	22,600	4.80	108,480
2006-01-05	BLKB	Blackbaud Inc	Sale	12,400	17.73	219,901
2006-01-06	BLKB	Blackbaud Inc	Sale	22,600	18.06	408,223

Insider trading activities including stock purchases, stock sales, and option exercises listed in the above table cannot be completely guaranteed as to their accuracy. For more information regarding the trades made by Ward Germaine (Vice President of Products of Blackbaud Inc at the time of this reporting) see the Securities and Exchange Commission (SEC) website.