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^*

LEONARD PATRICK J

(Last)

(First)

(Middle)

1145 SANCTUARY PARKWAY

SUITE 200

(Street)

ALPHARETTA

30004

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
PER SE TECHNOLOGIES INC [ PSTI ]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Pres, Physician Solutions

3. Date of Earliest Transaction (Month/Day/Year)
01/26/2007

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	01/26/2007		D		25,511	D	⁽¹⁾	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)
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)
Stock option	$16.125	01/26/2007		D			333	⁽²⁾	11/19/2007	Common stock	333	$0	0	D
Stock option	$22.3125	01/26/2007		D			3,333	⁽²⁾	10/23/2008	Common stock	3,333	$0	0	D
Stock option	$16.59	01/26/2007		D			966	⁽²⁾	07/28/2009	Common stock	966	$0	0	D
Stock option	$10.875	01/26/2007		D			500	⁽²⁾	07/29/2010	Common stock	500	$0	0	D
Stock option	$6	01/26/2007		D			2,392	⁽²⁾	03/07/2012	Common stock	2,392	$0	0	D
Stock option	$6.72	01/26/2007		D			2,392	⁽²⁾	03/07/2012	Common stock	2,392	$0	0	D
Stock option	$7.53	01/26/2007		D			2,392	⁽²⁾	03/07/2012	Common stock	2,392	$0	0	D
Stock option	$14.021	01/26/2007		D			50,000	⁽²⁾	03/09/2015	Common stock	50,000	$0	0	D
Stock option	$12.7	01/26/2007		D			6,667	⁽²⁾	05/18/2015	Common stock	6,667	$0	0	D
Stock option	$13.97	01/26/2007		D			6,667	⁽²⁾	05/18/2015	Common stock	6,667	$0	0	D
Stock option	$15.37	01/26/2007		D			6,666	⁽²⁾	05/18/2015	Common stock	6,666	$0	0	D
Stock option	$26.9	01/26/2007		D			50,000	⁽²⁾	01/20/2017	Common stock	50,000	$0	0	D

Explanation of Responses:

1. Pursuant to a merger between issuer and McKesson Corporation, each service based RSU (5,041 issuer shares in total) was assumed by McKesson and replaced with McKesson common stock in an amount equal to the number of underlying issuer common shares multiplied by .50053629 (the ratio of $28 to $55.94, the closing price of McKesson stock on the date of closing). Performance RSUs were doubled on the day of the merger for meeting a performance goal. Pursuant to the merger, each performance based RSU was cancelled in exchange for $28 cash for each share of issuer common stock underlying the RSU (20,470 issuer shares in total were Performance RSUs).

2. Pursuant to a merger between the issuer and McKesson Corporation, each option was cancelled in exchange for cash equal to $28 less the exercise price multiplied by the number of shares subject to each option grant.

	Patrick J. Leonard	01/30/2007
	** 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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