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*
LEACH DAVID

(Last) (First) (Middle)
C/O OPTIO SOFTWARE, INC.
3015 WINDWARD FAIRWAYS,WINDWARD PLAZA II

(Street)
ALPHARETTA GA 30005

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
OPTIO SOFTWARE INC [ OPTO.OB ]
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)
04/21/2008
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
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
Stock Option (right to buy) $0.35 04/21/2008 D 5,000 (1) 06/26/2012 Common Stock 5,000 $1.5(1) 0 D
Stock Option (right to buy) $0.51 04/21/2008 D 10,000 (1) 06/21/2011 Common Stock 10,000 $1.34(1) 0 D
Stock Option (right to buy) $0.76 04/21/2008 D 5,000 (1) 06/25/2013 Common Stock 5,000 $1.09(1) 0 D
Stock Option (right to buy) $0.98 04/21/2008 D 10,000 (1) 06/16/2015 Common Stock 10,000 $0.87(1) 0 D
Stock Option (right to buy) $1.1 04/21/2008 D 15,000 (1) 11/02/2015 Common Stock 15,000 $0.75(1) 0 D
Stock Option (right to buy) $1.15 04/21/2008 D 5,000 (1) 01/31/2018 Common Stock 5,000 $0.7(1) 0 D
Stock Option (right to buy) $1.24 04/21/2008 D 5,000 (1) 01/31/2016 Common Stock 5,000 $0.61(1) 0 D
Stock Option (right to buy) $1.25 04/21/2008 D 5,000 (1) 10/31/2016 Common Stock 5,000 $0.6(1) 0 D
Stock Option (right to buy) $1.28 04/21/2008 D 10,000 (1) 06/22/2014 Common Stock 10,000 $0.57(1) 0 D
Stock Option (right to buy) $1.32 04/21/2008 D 5,000 (1) 04/30/2017 Common Stock 5,000 $0.53(1) 0 D
Stock Option (right to buy) $1.38 04/21/2008 D 5,000 (1) 07/31/2016 Common Stock 5,000 $0.47(1) 0 D
Stock Option (right to buy) $1.43 04/21/2008 D 5,000 (1) 04/30/2016 Common Stock 5,000 $0.42(1) 0 D
Stock Option (right to buy) $1.5 04/21/2008 D 5,000 (1) 10/31/2017 Common Stock 5,000 $0.35(1) 0 D
Stock Option (right to buy) $1.61 04/21/2008 D 5,000 (1) 01/31/2017 Common Stock 5,000 $0.24(1) 0 D
Stock Option (right to buy) $1.75 04/21/2008 D 5,000 (1) 07/31/2017 Common Stock 5,000 $0.1(1) 0 D
Explanation of Responses:
1. The options are fully vested. Pursuant to an Agreement and Plan of Merger, dated as of March 3, 2008, by and among Bottomline Technologies (de), Inc., Olive Acquisition Corp., a wholly owned subsidiary of Bottomline Technologies (de), Inc., and Optio Software, Inc., all holders of Optio options that are not exercised prior to the closing of the merger will receive, for each option with an exercise price less than $1.85, a cash payment equal to the difference between the per-share exercise price of the option and $1.85, and any unvested options vest at the effectiveness of the merger on April 21, 2008.
/s/ David Leach 04/21/2008
** 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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