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^*

CARBIENER JEFFREY S

(Last)

(First)

(Middle)

601 RIVERSIDE AVENUE

(Street)

JACKSONVILLE

32204

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Lender Processing Services, Inc. [ LPS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
07/02/2008

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	07/02/2008		A⁽¹⁾		10,610⁽²⁾	A	$0	41,979⁽³⁾	D
Common Stock								1,071⁽³⁾	I	by ESPP/401(k)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Non-Qualified Stock Option (right to buy)	$14.0142⁽⁴⁾	07/02/2008		A		23,246⁽⁴⁾		02/01/2006	01/31/2010	Common Stock	23,246	$0	23,246	D
Non-Qualified Stock Option (right to buy)	$14.992⁽⁴⁾	07/02/2008		A		15,341⁽⁴⁾		02/01/2006	12/10/2009	Common Stock	15,341	$0	15,341	D
Non-Qualified Stock Option (right to buy)	$18.9486⁽⁴⁾	07/02/2008		A		7,641⁽⁴⁾		02/01/2006	01/29/2011	Common Stock	7,641	$0	7,641	D
Non-Qualified Stock Option (right to buy)	$22.7624⁽⁴⁾	07/02/2008		A		13,215⁽⁴⁾		02/01/2006	10/31/2011	Common Stock	13,215	$0	13,215	D
Non-Qualified Stock Option (right to buy)	$24.0361⁽⁴⁾	07/02/2008		A		5,138⁽⁴⁾		02/01/2006	01/27/2009	Common Stock	5,138	$0	5,138	D
Non-Qualified Stock Option (right to buy)	$25.9971⁽⁴⁾	07/02/2008		A		21,715⁽⁴⁾		02/01/2006	02/04/2011	Common Stock	21,715	$0	21,715	D
Non-Qualified Stock Option (right to buy)	$27.9219⁽⁴⁾	07/02/2008		A		43,997⁽⁴⁾		02/01/2006	02/12/2012	Common Stock	43,997	$0	43,997	D
Non-Qualified Stock Option (right to buy)	$27.9219⁽⁴⁾	07/02/2008		A		6,443⁽⁴⁾		02/01/2006	02/12/2012	Common Stock	6,443	$0	50,440	D
Non-Qualified Stock Option (right to buy)	$28.1455⁽⁴⁾	07/02/2008		A		27,656⁽⁴⁾		02/01/2006	02/04/2012	Common Stock	27,656	$0	27,656	D
Non-Qualified Stock Option (right to buy)	$34.5105⁽⁴⁾	07/02/2008		A		400,400⁽⁴⁾		02/01/2010⁽⁵⁾	02/01/2013	Common Stock	400,400	$0	400,400	D
Non-Qualified Stock Option (right to buy)	$37.2028⁽⁴⁾	07/02/2008		A		343,200⁽⁴⁾		12/20/2010⁽⁶⁾	12/20/2014	Common Stock	343,200	$0	343,200	D

Explanation of Responses:

1. In connection with the spin-off of issuer from Fidelity National Information Services, Inc. ("FIS"), the reporting person received restricted shares of the issuer's common stock in replacement of, and with an intrinsic value equal to, restricted shares of FIS common stock which were cancelled. The number of restricted shares were determined using the ratio of (a) the sum of the when-issued close price of issuer ($33.00, as adjusted for the distribution ratio of one share of LPS stock for every two shares of FIS stock outstanding on the record date) and the ex-dividend close price of FIS ($21.25), and (b) the when-issued close price of issuer. The restricted shares were issued under the Lender Processing Services, Inc. 2008 Omnibus Incentive Plan, and have the same terms and conditions as the FIS restricted shares they replaced.

2. The restricted shares vested with respect to 1/8th of the total number of shares granted by FIS on June 30, 2008, with an additional 1/8th vesting on the last day of each succeeding fiscal quarter until fully vested, i.e., the restricted shares will be fully vested on March 31, 2010.

3. On July 2, 2008, in connection with the spin-off of issuer from Fidelity National Information Services, Inc. ("FIS"), the reporting person received one share of common stock of issuer for every two shares of common stock of FIS held by reporting person on the record date.

4. In connection with the spin-off of issuer from Fidelity National Information Services, Inc. ("FIS"), the reporting person received options to purchase shares of the issuer's common stock in replacement of, and with an intrinsic value equal to, options to purchase FIS common stock which were cancelled. The number of shares subject to the option and the exercise price were determined using the ratio of (a) the sum of the when-issued close price of issuer ($33.00, as adjusted for the distribution ratio of one share of LPS stock for every two shares of FIS stock outstanding on the record date) and the ex-dividend close price of FIS ($21.25), and (b) the when-issued close price of issuer. The options were issued under the Lender Processing Services, Inc. 2008 Omnibus Incentive Plan, and have the same terms and conditions as the FIS options they replaced.

5. The option vests in four equal annual installments beginning on the first anniversary of the grant by FIS.

6. The option vests in three equal annual installments beginning on the first anniversary of the grant by FIS.

Remarks:

	/s/ Colleen E. Haley, Attorney-in-fact	07/07/2008
	** 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).
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