SEC FORM 4

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^*

BROOKS CHRISTOPHER L

(Last)

(First)

(Middle)

3400 NW JOHN OLSEN PLACE

(Street)

HILLSBORO

97124

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
CORILLIAN CORP [ CORI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	CTO

3. Date of Earliest Transaction (Month/Day/Year)
05/15/2007

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/15/2007		D		3,567	D	$5.15⁽¹⁾	0	D

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Option (right to buy)	$3.32	05/15/2007		J			5,000	04/30/2002	04/30/2011	Common Stock	5,000	$5.15⁽²⁾	0	D
Stock Option (right to buy)	$9.75	05/15/2007		J			3,500	10/04/2001	10/04/2010	Common Stock	3,500	$0.00⁽²⁾	0	D
Stock Option (right to buy)	$9.94	05/15/2007		J			30,000	10/03/2001	10/03/2010	Common Stock	30,000	$0.00⁽²⁾	0	D
Stock Option (right to buy)	$2.85	05/15/2007		J			60,071	02/11/2003	02/11/2012	Common Stock	60,071	$5.15⁽²⁾	0	D
Stock Option (right to buy)	$0.86	05/15/2007		J			140,000	04/22/2004	04/22/2013	Common Stock	140,000	$5.15⁽²⁾	0	D
Stock Option (right to buy)	$3	05/15/2007		J			205,000	07/28/2004	07/28/2013	Common Stock	205,000	$5.15⁽²⁾	0	D

Explanation of Responses:

1. Corillian Corporation was acquired by CheckFree Corporation on May 15, 2007, resulting in a change of control, pursuant to which each share of Corillian Common Stock was exchanged for the right to receive $5.15 in cash.

2. At the effective time of the acquisition of Corillian Corporation by CheckFree Corporation, the vesting of all outstanding stock options accelerated, each outstanding stock option was converted into the right to receive the excess, if any, of $5.15 over the exercise price per share of such stock option, and each outstanding stock option was then terminated upon the change of control.

Remarks:

	/s/ Erich J. Litch	05/17/2007
	** 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).
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