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
EFUNDS CORP [ EFD ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 02/19/2007 | ||||||||||||||||||||||||||
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 (10190.13) | 02/19/2007 | M | V | 8,452 | A | $25.81 | 18,642.13 | D | ||
Common Stock (18642.13) | 02/19/2007 | F | 3,156 | D | $25.81 | 15,486.13 | D | |||
Restricted Stock Units (20888)(1) | 02/19/2007 | M | V | 8,452 | D | $25.81 | 12,436 | D | ||
Restricted Stock Units (10275)(2) | 10,275 | D |
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 | ||||||||
Options (right to buy) (202789) | (3) | (3) | (3) | Common Stock | (3) | 202,789 | D |
Explanation of Responses: |
1. Restricted Stock Units were granted on February 19, 2004 (16,000), January 13, 2005 (4,300), May 18, 2006 (5,055) and February 13, 2007 (7,632). The units will generally vest and be converted into shares of common stock in three equal installments on February 19th in each of the three succeeding years follwing the date of grant if the holder continues in the employ of the Company through the applicable vesting date. The vesting of the restricted stock units granted in years prior to 2007 is subject to acceleration upon the approved retirement, death or disability of the holder and any change in control of the Company. The vesting of the restricted stock units granted in 2007 is subject to acceleration upon the qualified termination, death or disability of the holder and any change in control of the Company. |
2. Restricted Stock Rights were granted on January 20, 2005 (10,275). 50% of the units will vest on the fifth anniversary of February 19 from the year of grant and 12-1/2% shall vest on each of the sixth, seventh, eight and ninth anniversaries of February 19 from the year of grant if the holder continues in the employ of the Company through the applicable vesting date. The vesting of the units is subject to acceleration if the holder is terminated without "cause" or resigns for "good reason" following a change in control of the Company. Any vested units shall be converted into shares of the Company's common stock six months after the termination of the holder's employment with the Company. |
3. Options were granted under the Company's Stock Incentive Plan on December 2, 2002 (57,500 shares @ $9.10 per share), February 19, 2004 (32,000 shares @ $16.27 per share), January 13, 2005 (32,000 shares @ $21.38 per share), February 16, 2006 (40,000 shares @ $23.02 per share) and February 13, 2007 (41,289 shares @ $24.02 per share). Each option has a term of ten years from the date of grant. One-third of each option vests and becomes exercisable on each of the three succeeding anniversaries of the date of grant if, subject to certain exceptions, the holder continues to provide services to the Company through applicable vesting date. The vesting of the options is subject to acceleration under circumstances described in footnote 1. |
Remarks: |
Clyde L. Thomas by Steven F. Coleman /s/ Steven F. Coleman | 02/21/2007 | |
** 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. |