FORM 4
[ X ] 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 OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

TATE DAVID C 		2. Issuer Name and Ticker or Trading Symbol

BLACKHAWK NETWORK HOLDINGS, INC [ HAWK ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
SVP, U.S. Retail
(Last)          (First)          (Middle)

6220 STONERIDGE MALL RD 		3. Date of Earliest Transaction (MM/DD/YYYY)

6/15/2018
(Street)

PLEASANTON, CA 94588
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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   6/15/2018     M    1512   (1) A $0.00   0   (1) D    
Common Stock   6/15/2018     M    4224   (1) A $0.00   0   (1) D    
Common Stock   6/15/2018     D (2)    37183   D $45.25   0   (2) D    
Common Stock   6/15/2018     D (1)    10800   D $45.25   0   (1) D    
Common Stock   6/15/2018     D (3)    16574   D   (3) 0   (3) D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 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
Restricted Stock Units   $0.00   6/15/2018     M         1512    6/15/2018   (1)   (1) Common Stock   1512     (1) 0   D    
Restricted Stock Units   $0.00   6/15/2018     M         4224    6/15/2018   (1)   (1) Common Stock   4224     (1) 0   D    
Stock Option (Right to Purchase)   $26.73   6/15/2018     D   (4)       6537    3/12/2018     (4) Common Stock   6537     (4) 0   D    
Stock Option (Right to Purchase)   $39.11   6/15/2018     D   (4)       19750    6/15/2018   (4)   (4) Common Stock   19750     (4) 0   D    
Stock Option (Right to Purchase)   $38.85   6/15/2018     D   (4)       26650    6/15/2018   (4)   (4) Common Stock   26650     (4) 0   D    
Stock Appreciation Rights   $18.49   6/15/2018     D   (5)       9000    3/14/2017     (5) Common Stock   9000     (5) 0   D    
Performance Stock Units   $0.00   6/15/2018     D   (6)       4360    6/15/2018   (6)   (6) Common Stock   4360     (6) 0   D    
Performance Stock Units   $0.00   6/15/2018     D   (6)       12816    6/15/2018   (6)   (6) Common Stock   12816     (6) 0   D    

Explanation of Responses:
(1)  At the effective time of the merger contemplated by the agreement and plan of merger, dated as of January 15, 2018, by and among Blackhawk Network Holdings, Inc. (the "Company"), BHN Holdings, Inc. ("Parent") and BHN Merger Sub, Inc. (the "Effective Time"), each outstanding award of restricted stock units granted to Mr. Tate prior to 2018 was cancelled and converted into the right to receive an amount in cash equal to the product obtained by multiplying (i) the total number of shares of common stock of the Company ("Shares") subject to such award immediately prior to the Effective Time by (ii) $45.25, less applicable taxes required to be withheld with respect to such payment.
(2)  At the Effective Time, each issued and outstanding Share held by Mr. Tate was converted into the right to receive $45.25 in cash, without interest.
(3)  At the Effective Time, each outstanding award of restricted stock units granted to Mr. Tate in 2018 was cancelled and converted into a restricted stock unit award of Parent with respect to a number of shares of Parent equal to the product obtained by multiplying (i) the number of Shares subject to such restricted stock unit award immediately prior to the Effective Time by (ii) the Exchange Ratio ($45.25 divided by the price per share paid by the equity financing sources to acquire Parent capital stock in connection with the closing).
(4)  At the Effective Time, each option to purchase Shares was cancelled and converted into the right to receive an amount in cash equal to the product obtained by multiplying (i) the number of Shares subject to such option immediately prior to the Effective Time by (ii) the excess, if any, of $45.25 over the exercise price per Share of such option, less applicable taxes required to be withheld with respect to such payment.
(5)  At the Effective Time, each stock appreciation right was cancelled and converted into the right to receive an amount in cash equal to the product obtained by multiplying (i) the number of Shares subject to such stock appreciation right immediately prior to the Effective Time by (ii) the excess, if any, of $45.25 over the exercise price per Share of such stock appreciation right, less applicable taxes required to be withheld with respect to such payment.
(6)  At the Effective Time, each outstanding performance share award was cancelled and converted into an amount in cash equal to the product obtained by multiplying (i) the total number of Shares subject to such performance share award immediately prior to the Effective Time (determined based on actual performance for completed performance periods and target performance for incomplete performance periods) by (ii) $45.25, less applicable taxes required to be withheld with respect to such payment.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
TATE DAVID C
6220 STONERIDGE MALL RD
PLEASANTON, CA 94588

SVP, U.S. Retail

Signatures
KIRSTEN E. RICHESSON, Attorney-in-fact 6/15/2018
** 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 control number.
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