BLACKBAUD INC

Ticker: BLKB CUSIP: 09227Q100 Class: Common Stock

Spark Investment Management LLC's Holding History (CIK: 0001554871)

Note: Option positions (PUT/CALL) are excluded.

Q3 2015

Shares 21,700 Value ($000) $1,216 Avg Close $56.86 Range $51.88 - $62.07

Q2 2015

Shares 34,500 Value ($000) $1,964 Avg Close $50.61 Range $45.27 - $58.28

Q1 2015

Shares 34,500 Value ($000) $1,634 Avg Close $43.44 Range $39.11 - $46.26

Q4 2014

Shares 34,500 Value ($000) $1,491 Avg Close $40.66 Range $35.99 - $44.15

Q3 2014

Shares 46,200 Value ($000) $1,815 Avg Close $35.76 Range $32.26 - $39.46

Q2 2014

Shares 55,900 Value ($000) $1,996 Avg Close $31.90 Range $28.13 - $34.87

Q1 2014

Shares 55,900 Value ($000) $1,747 Avg Close $32.10 Range $28.68 - $37.00

Q4 2013

Shares 45,500 Value ($000) $1,711 Avg Close $35.39 Range $32.17 - $40.10

Q3 2013

Shares 16,400 Value ($000) $640 Avg Close $33.82 Range $30.79 - $37.98

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2015	21,700	$1,216	$56.86	$51.88 - $62.07
Q2 2015	34,500	$1,964	$50.61	$45.27 - $58.28
Q1 2015	34,500	$1,634	$43.44	$39.11 - $46.26
Q4 2014	34,500	$1,491	$40.66	$35.99 - $44.15
Q3 2014	46,200	$1,815	$35.76	$32.26 - $39.46
Q2 2014	55,900	$1,996	$31.90	$28.13 - $34.87
Q1 2014	55,900	$1,747	$32.10	$28.68 - $37.00
Q4 2013	45,500	$1,711	$35.39	$32.17 - $40.10
Q3 2013	16,400	$640	$33.82	$30.79 - $37.98