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	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	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* SHELTON JERRELL (Last) (First) (Middle) 15030 AVENUE OF SCIENCE (Street) SAN DIEGO CA 92128 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol SOLERA HOLDINGS, INC [ SLH ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 11/12/2008
	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)
			Code	V	Amount	(A) or (D)	Price
Common stock, par value $0.01	11/12/2008		A		7,313(1)(2)	A	$0.01	27,836(3)(4)	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents 7,313 restricted stock units of the reporting person, which are subject to vesting. Upon vesting, the reporting person shall be entitled to receive a number of shares of common stock equal to the number of restricted stock units then vesting. An amount equal to 1/12 of the total grant will vest on November 30, 2008, and an additional amount equal to 1/12 of the total grant will vest on the last day of each calendar month thereafter until fully vested, in each case subject to the reporting person's continued services to Solera Holdings, Inc. (the "Company").

2. Shares in respect of vested restricted stock units will be delivered to the reporting person upon the earliest of: (a) November 12, 2013; (b) the date upon which the reporting person ceases to be a director of the Company, but only to the extent such cessation of services constitutes a "separation from service" with the Company as defined in Section 409A of the Internal Revenue Code of 1986, as amended (the "Code"); and (c) the date of the consummation of a Change in Control (as defined in the 2008 Solera Holdings, Inc. Omnibus Incentive Plan), but only to the extent such Change in Control constitutes a "change in control event" (as defined in Treasury Regulations Section 1.409A-3(i)(5)) of the Company.

3. Includes 20,507 restricted stock units of the reporting person, which are subject to vesting. Upon vesting, the reporting person shall be entitled to receive a number of shares of common stock equal to the number of restricted stock units then vesting. With respect to 9,167 of the restricted stock units, 833 of such restricted stock units will vest at the end of each fiscal quarter until fully vested. With respect to 4,027 restricted stock units, 2,013 will vest on February 6, 2009, and the remaining restricted stock units will vest on February 6, 2010. 7,313 of the restricted stock units will vest and be delivered as provided in footnotes 1 and 2 above.

4. With respect to 3,163 vested restricted stock units, shares in respect of such vested restricted stock units will be delivered to the reporting person upon the earliest of: (a) June 2, 2013; (b) the date upon which the reporting person ceases to be a director of the Company, but only to the extent such cessation of services constitutes a "separation from service" with the Company as defined in Section 409A of the Code; and (c) the date of the consummation of a change in control, but only to the extent such change in control constitutes a "change in control event" (as defined in Treasury Regulations Section 1.409A-3(i)(5)) of the Company.

	/s/ Jared S. Dinkes, by power of attorney	11/14/2008
	** 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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