X0202 4 2007-08-01 1 0000883587 BISYS GROUP INC BSG 0001245505 BOVIN DENIS A BEAR STEARNS & CO. INC. 383 MADISON AVENUE, 43RD FLOOR NEW YORK NY 10179 1 0 0 0 Common Stock 2007-08-01 4 D 0 600 11.85 D 0 D Stock Options 26.66 2007-08-01 4 D 0 50000 0.00 D 2011-11-15 Common Stock 50000 0 D Disposed of pursuant to the merger agreement between the issuer and Citibank N.A. and Buckeye Acquisition Sub, Inc. for $11.85 in cash per share. The option provided for vesting in five equal installments upon election to the Board and subsequent re-elections by stockholders at annual meetings. Under the merger agreement with Citibank, each option to purchase the issuer's common stock became fully vested and cancelled and converted into the right to receive a cash payment equal to the number of shares of common stock underlying such option multiplied by the excess of $11.85 over the option exercise price. /s/ Michael I. Otner, Attorney-in-Fact 2007-08-03