| 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*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
CHECKFREE CORP \GA\ [ CKFR ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 12/03/2007 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 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 - $.01 par value | 12/03/2007 | D | 942,475 | D | (1) | 0 | D | |||
| Common Stock - $.01 par value | 12/03/2007 | D | 896 | D | (2) | 0 | I | By 401(k) | ||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 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 | ||||||||
| Stock Option (Right to Buy) | $44.44 | 12/03/2007 | D | 25,000 | (3) | 05/07/2009 | Common Stock - $.01 par value | 25,000 | (4) | 0 | D | ||||
| Stock Option (Right to Buy) | $104.5 | 12/03/2007 | D | 12,500 | (3) | 01/01/2010 | Common Stock - $.01 par value | 12,500 | (5) | 0 | D | ||||
| Stock Option (Right to Buy) | $42.5 | 12/03/2007 | D | 4,000 | 01/01/2002 | 01/01/2011 | Common Stock - $.01 par value | 4,000 | (6) | 0 | D | ||||
| Stock Option (Right to Buy) | $15 | 12/03/2007 | D | 4,000 | 12/16/2003 | 12/16/2012 | Common Stock - $.01 par value | 4,000 | (7) | 0 | D | ||||
| Stock Option (Right to Buy) | $19.55 | 12/03/2007 | D | 75,000 | (3) | 02/18/2013 | Common Stock - $.01 par value | 75,000 | (8) | 0 | D | ||||
| Stock Option (Right to Buy) | $25.51 | 12/03/2007 | D | 10,955 | (3) | 08/06/2014 | Common Stock - $.01 par value | 10,955 | (9) | 0 | D | ||||
| Stock Option (Right to Buy) | $40.25 | 12/03/2007 | D | 8,788 | (3) | 08/05/2015 | Common Stock - $.01 par value | 8,788 | (10) | 0 | D | ||||
| Stock Option (Right to Buy) | $37.27 | 12/03/2007 | D | 9,193 | (3) | 08/04/2016 | Common Stock - $.01 par value | 9,193 | (11) | 0 | D | ||||
| Stock Option (Right to Buy) 12/4/01 | $16.04 | 12/03/2007 | D | 8,000 | 12/04/2002 | 12/04/2011 | Common Stock - $.01 par value | 8,000 | (12) | 0 | D | ||||
| Stock Option (Right to Buy) 33% 5/1/98 | $25.75 | 12/03/2007 | D | 25,000 | 05/01/2001 | 05/01/2008 | Common Stock - $.01 par value | 25,000 | (13) | 0 | D | ||||
| Stock Option (Right to Buy) 7/1/00 | $51.56 | 12/03/2007 | D | 4,000 | 07/01/2001 | 07/01/2010 | Common Stock - $.01 par value | 4,000 | (14) | 0 | D | ||||
| Stock Option (Right to Buy) 7/1/01 | $35.07 | 12/03/2007 | D | 4,000 | 07/01/2002 | 07/01/2011 | Common Stock - $.01 par value | 4,000 | (15) | 0 | D | ||||
| Explanation of Responses: |
| 1. Disposed of pursuant to a merger agreement (the "Merger Agreement") between Fiserv, Inc. and CheckFree Corporation ("CheckFree") for $48 per share. |
| 2. Disposed of pursuant to the Merger Agreement for $48 per share. |
| 3. One-third of option vests each year beginning on the first anniversary of the date of grant. |
| 4. These options, which provided for vesting in three equal annual installments beginning May 7, 2000, were cancelled in the Merger Agreement in exchange for a cash payment of $89,000, representing the difference between the exercise price of the options and the market value of the underlying CheckFree common stock on the effective date of the merger ($48 per share). |
| 5. These options, which provided for vesting in three equal annual installments beginning January 1, 2001, were cancelled pursuant to the terms of the Merger Agreement. |
| 6. These options, which vested on January 1, 2002, were cancelled in the Merger Agreement in exchange for a cash payment of $22,000, representing the difference between the exercise price of the options and the market value of the underlying CheckFree common stock on the effective date of the merger ($48 per share). |
| 7. These options, which vested on December 16, 2003, were cancelled in the Merger Agreement in exchange for a cash payment of $132,000, representing the difference between the exercise price of the options and the market value of the underlying CheckFree common stock on the effective date of the merger ($48 per share). |
| 8. These options, which provided for vesting in five equal annual installments beginning February 18, 2004, were cancelled in the Merger Agreement in exchange for a cash payment of $2,133,750, representing the difference between the exercise price of the options and the market value of the underlying CheckFree common stock on the effective date of the merger ($48 per share). |
| 9. These options, which provided for vesting in three equal annual installments beginning August 6, 2005, were cancelled in the Merger Agreement in exchange for a cash payment of $246,377.95, representing the difference between the exercise price of the options and the market value of the underlying CheckFree common stock on the effective date of the merger ($48 per share). |
| 10. These options, which provided for vesting in three equal annual installments beginning August 5, 2006, were cancelled in the Merger Agreement in exchange for a cash payment of $68,107, representing the difference between the exercise price of the options and the market value of the underlying CheckFree common stock on the effective date of the merger ($48 per share). |
| 11. These options, which provided for vesting in three equal annual installments beginning August 4, 2007, were cancelled in the Merger Agreement in exchange for a cash payment of $98,640.89, representing the difference between the exercise price of the options and the market value of the underlying CheckFree common stock on the effective date of the merger ($48 per share). |
| 12. These options, which vested on December 4, 2002, were cancelled in the Merger Agreement in exchange for a cash payment of $255,680, representing the difference between the exercise price of the options and the market value of the underlying CheckFree common stock on the effective date of the merger ($48 per share). |
| 13. These options, which provided for vesting in three equal annual installments beginning May 1, 2001, were cancelled in the Merger Agreement in exchange for a cash payment of $556,250, representing the difference between the exercise price of the options and the market value of the underlying CheckFree common stock on the effective date of the merger ($48 per share). |
| 14. These options, which vested on July 1, 2001, were cancelled pursuant to the terms of the Merger Agreement. |
| 15. These options, which vested on July 1, 2002, were cancelled in the Merger Agreement in exchange for a cash payment of $51,720, representing the difference between the exercise price of the options and the market value of the underlying CheckFree common stock on the effective date of the merger ($48 per share). |
| Remarks: |
| By: Robert J. Tannous, Attorney-in-Fact | 12/05/2007 | |
| ** 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). | ||
| 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 Number. | ||