8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934

June 29, 2007
Date of Report (date of earliest event reported)

ADVENT SOFTWARE, INC.
(Exact name of Registrant as specified in its charter)

State of Delaware	0-26994	94-2901952
(State or other jurisdiction of incorporation or organization)	(Commission File Number)	(I.R.S. Employer Identification Number)

600 Townsend Street
San Francisco, California 94103
(Address of principal executive offices)

(415) 543-7696
(Registrant’s telephone number, including area code)

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 4d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

TABLE OF CONTENTS

ITEM 5.02	Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
ITEM 9.01	Financial Statements and Exhibits
SIGNATURES
EXHIBIT INDEX
EXHIBIT 10.1

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ITEM 5.02  Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On January 17, 2007, the Registrant’s Compensation Committee approved a form of 2007 Executive Short-Term Incentive Plan (the “Plan”) which applies to the Principal Executive Officer, Principal Financial Officer, and executive-level members of the Registrant’s Executive Management Team (the “Executives”).  Each of the Executives entered into individualized forms of the Plan as of June 29, 2007. A description of the Plan is filed as Exhibit 10.1 to this report.

ITEM 9.01 Financial Statements and Exhibits

(d) Exhibits

The following exhibit is filed as part of this Current Report on Form 8-K.

Exhibit No.	Exhibit Description
10.1	Description of 2007 Executive Short-Term Incentive Plan.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.

ADVENT SOFTWARE, INC.
By:	/s/ Graham V. Smith
	Graham V. Smith
	Executive Vice President,
	Chief Financial Officer and Secretary
	(Principal Financial and Accounting Officer)

Dated:  July 5, 2007

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EXHIBIT INDEX

Exhibit No.	Exhibit Description
10.1	Description of 2007 Executive Short-Term Incentive Plan.

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EX-10.1

Exhibit 10.1

Summary of Plan Terms for 2007 Executive Short-Term Incentive Plan

The Advent Software 2007 Executive Short-Term Incentive Plan (“the Plan”) is designed to motivate and reward the Executive Team for short-term achievement of key bookings, revenue and operating profit milestones during the 2007 fiscal year.  A summary of the terms follows:

·The Plan is applicable to the President and CEO and executive-level members of the Advent’s Executive Management Team (the “Executives”)

·The individual plans establish various target amounts, performance measures and goals of the cash bonuses awarded under the Plan for each Executive.

·Target amounts range from a total per individual of $90,000 to $275,000.

·Plan targets are based on bookings, recognized revenue, operating profit and individual executive performance relative to goals.

·The Plan is an annual plan and is effective for fiscal year 2007. any bonuses earned will be paid in the first quarter of 2008.

·The Plan may be renewed at the election of the Company for future periods.