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*
GULDIMANN TILL M
(Last) (First) (Middle)
SUNGARD DATA SYSTEMS INC.
680 EAST SWEDESFORD ROAD
(Street)
WAYNE PA 19087
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
SUNGARD DATA SYSTEMS INC [ SDS ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Vice Chairman
3. Date of Earliest Transaction (Month/Day/Year)
08/10/2005
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 08/10/2005 D 722,599 D (1) 116,052.763 D
Common Stock 08/11/2005 M 166,332 A $1.105 282,384.763 D
Common Stock 08/11/2005 M 38,640 A $12.9375 321,024.763 D
Common Stock 08/11/2005 M 61,360 A $12.9375 382,384.763 D
Common Stock 08/11/2005 M 30,000 A $11.6875 412,384.763 D
Common Stock 08/11/2005 M 30,000 A $15.7188 442,384.763 D
Common Stock 08/11/2005 S 326,332(4) D $36 116,052.763 D
Common Stock 08/11/2005 D 116,052.763(5) D $36 0 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
Option to Buy $1.105 08/11/2005 M 166,332 04/01/1999 09/01/2005 Common Stock 166,332 $0 0 D
Option to Buy $12.9375 08/11/2005 M 38,640 08/11/2004 08/11/2009 Common Stock 38,640 $0 0 D
Option to Buy $12.9375 08/11/2005 M 61,360 08/11/2004 08/16/2009 Common Stock 61,360 $0 0 D
Option to Buy $11.6875 08/11/2005 M 30,000 08/11/2005(2) 11/20/2009 Common Stock 30,000 $0 0 D
Option to Buy $15.7188 08/11/2005 M 30,000 08/11/2005(2) 02/27/2010 Common Stock 30,000 $0 0 D
Option to Buy $18.9063 08/11/2005 D 44,000 08/11/2005(2) 08/22/2010 Common Stock 44,000 (3) 0 D
Option to Buy $28.5 08/11/2005 D 64,200 08/11/2005(2) 03/07/2011 Common Stock 64,200 (3) 0 D
Option to Buy $24.41 08/11/2005 D 24,400 08/11/2005(2) 08/14/2011 Common Stock 24,400 (3) 0 D
Option to Buy $32.81 08/11/2005 D 68,750 12/31/2004 03/06/2012 Common Stock 68,750 (3) 0 D
Option to Buy $19.35 08/11/2005 D 85,625 08/11/2005(2) 03/03/2013 Common Stock 85,625 (3) 0 D
Option to Buy $28.03 08/11/2005 D 74,000 08/11/2005(2) 02/25/2014 Common Stock 74,000 (3) 0 D
Option to Buy $26.08 08/11/2005 D 80,500 08/11/2005(2) 03/03/2015 Common Stock 80,500 (3) 0 D
Explanation of Responses:
1. In connection with the merger of Solar Capital Corp. with and into the Issuer, shares of the Issuer are being contributed in exchange for equity in the acquiring entities valued, in the aggregate, at an amount equal to $36.00 per share contributed.
2. Immediately before the effective time of the merger of Solar Capital Corp. with and into the Issuer, all unvested options became fully vested and immediately exercisable.
3. In connection with the merger of Solar Capital Corp. with and into the Issuer, stock options of the Issuer were converted into options to purchase equity in the acquiring entities based on a formula designed to equal the current intrinsic value of the converted options.
4. In connection with the sale of some portion of these shares and reported purchases of common stock of the Issuer by the reporting person on July 25, 2005 and July 29, 2005, the reporting person has disgorged to the Issuer profits in the amount of $39,808.83.
5. In connection with the merger of Solar Capital Corp. with and into the Issuer, shares of the Issuer's common stock were cancelled in the merger for $36 per share.
Leslie S. Brush, Attorney-in-fact for Till M. Guldimann 08/12/2005
** 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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