BLACKBAUD INC

Ticker: BLKB CUSIP: 09227Q100 Class: Common Stock

Municipal Employees' Retirement System of Michigan's Holding History (CIK: 0001588873)

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

Q1 2020

Shares 9,230 Value ($000) $513 Avg Close $70.65 Range $38.22 - $83.56

Q4 2019

Shares 9,120 Value ($000) $726 Avg Close $83.50 Range $76.83 - $94.64

Q3 2019

Shares 9,020 Value ($000) $815 Avg Close $88.59 Range $81.37 - $96.92

Q2 2019

Shares 8,980 Value ($000) $750 Avg Close $78.86 Range $72.01 - $84.25

Q1 2019

Shares 8,850 Value ($000) $706 Avg Close $72.85 Range $59.55 - $80.32

Q4 2018

Shares 11,680 Value ($000) $735 Avg Close $71.38 Range $57.80 - $101.24

Q2 2018

Shares 11,370 Value ($000) $1,165 Avg Close $102.01 Range $94.19 - $110.45

Q1 2018

Shares 14,940 Value ($000) $1,521 Avg Close $98.52 Range $86.64 - $114.74

Q4 2017

Shares 14,540 Value ($000) $1,374 Avg Close $94.95 Range $85.61 - $103.11

Q3 2017

Shares 14,540 Value ($000) $1,277 Avg Close $85.06 Range $80.52 - $92.39

Q2 2017

Shares 11,350 Value ($000) $973 Avg Close $80.75 Range $74.20 - $91.32

Q1 2017

Shares 10,840 Value ($000) $831 Avg Close $69.68 Range $60.85 - $76.56

Q4 2016

Shares 10,730 Value ($000) $687 Avg Close $62.75 Range $54.76 - $66.26

Q3 2016

Shares 10,540 Value ($000) $699 Avg Close $66.22 Range $62.00 - $70.20

Q2 2016

Shares 10,370 Value ($000) $704 Avg Close $61.74 Range $56.45 - $66.91

Q1 2016

Shares 10,020 Value ($000) $630 Avg Close $57.03 Range $48.60 - $63.86

Q4 2015

Shares 9,480 Value ($000) $624 Avg Close $60.86 Range $53.60 - $66.74

Q3 2015

Shares 9,330 Value ($000) $524 Avg Close $56.86 Range $51.88 - $62.07

Q2 2015

Shares 8,830 Value ($000) $503 Avg Close $50.61 Range $45.27 - $58.28

Q1 2015

Shares 8,700 Value ($000) $412 Avg Close $43.44 Range $39.11 - $46.26

Q4 2014

Shares 11,800 Value ($000) $510 Avg Close $40.66 Range $35.99 - $44.15

Q3 2014

Shares 11,800 Value ($000) $464 Avg Close $35.76 Range $32.26 - $39.46

Q2 2014

Shares 11,400 Value ($000) $407 Avg Close $31.90 Range $28.13 - $34.87

Q1 2014

Shares 11,100 Value ($000) $347 Avg Close $32.10 Range $28.68 - $37.00

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2020	9,230	$513	$70.65	$38.22 - $83.56
Q4 2019	9,120	$726	$83.50	$76.83 - $94.64
Q3 2019	9,020	$815	$88.59	$81.37 - $96.92
Q2 2019	8,980	$750	$78.86	$72.01 - $84.25
Q1 2019	8,850	$706	$72.85	$59.55 - $80.32
Q4 2018	11,680	$735	$71.38	$57.80 - $101.24
Q2 2018	11,370	$1,165	$102.01	$94.19 - $110.45
Q1 2018	14,940	$1,521	$98.52	$86.64 - $114.74
Q4 2017	14,540	$1,374	$94.95	$85.61 - $103.11
Q3 2017	14,540	$1,277	$85.06	$80.52 - $92.39
Q2 2017	11,350	$973	$80.75	$74.20 - $91.32
Q1 2017	10,840	$831	$69.68	$60.85 - $76.56
Q4 2016	10,730	$687	$62.75	$54.76 - $66.26
Q3 2016	10,540	$699	$66.22	$62.00 - $70.20
Q2 2016	10,370	$704	$61.74	$56.45 - $66.91
Q1 2016	10,020	$630	$57.03	$48.60 - $63.86
Q4 2015	9,480	$624	$60.86	$53.60 - $66.74
Q3 2015	9,330	$524	$56.86	$51.88 - $62.07
Q2 2015	8,830	$503	$50.61	$45.27 - $58.28
Q1 2015	8,700	$412	$43.44	$39.11 - $46.26
Q4 2014	11,800	$510	$40.66	$35.99 - $44.15
Q3 2014	11,800	$464	$35.76	$32.26 - $39.46
Q2 2014	11,400	$407	$31.90	$28.13 - $34.87
Q1 2014	11,100	$347	$32.10	$28.68 - $37.00