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^*

Kotwal Shailesh M

(Last)

(First)

(Middle)

4900 NORTH SCOTTSDALE RD

SUITE 1000

(Street)

SCOTTSDALE

85251

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
EFUNDS CORP [ EFD ]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	President eFunds International

3. Date of Earliest Transaction (Month/Day/Year)
09/12/2007

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)
Restricted Stock Units (10,000)⁽¹⁾	09/12/2007		M	V	10,000	D	$36.5	0	D
Restricted Stock Units (7,632)⁽²⁾	09/12/2007		M	V	7,632	D	$36.5	0	D
Restricted Stock Units (14,162)⁽³⁾	09/12/2007		M	V	1,770	D	$36.5	12,392	D
Restricted Stock Units (12,392)	09/12/2007		D		12,392	D	⁽³⁾	0	D
Common Stock (000)	09/12/2007		M	V	19,402	A	$36.5	19,402	D
Common Stock (19,402)	09/12/2007		F		6,907.86	D	$36.5	12,494.14	D
Common Stock (12494.14)	09/12/2007		D		12,494.14	D	⁽⁴⁾	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)
Option (right to buy) (91289)	⁽⁵⁾	09/12/2007		D			91,289	⁽⁵⁾	⁽⁵⁾	Common Stock	⁽⁵⁾	⁽⁵⁾	0	D
Option (right to buy)	⁽⁶⁾	09/12/2007		D			76,618	⁽⁶⁾	⁽⁶⁾	Common Stock	⁽⁶⁾	⁽⁶⁾	0	D

Explanation of Responses:

1. Restricted Stock Units were granted on August 28, 2006 (original grant 10,000 units). The units vested and were converted into shares of common stock on September 12, 2007.

2. Restricted Stock Units were granted on February 13, 2007 (original grant 7,632 units). The units vested and were converted into shares of common stock on September 12, 2007.

3. Restricted Stock units were granted on February 26, 2007 (original grant 14,162 units), 1,770 of the units vested and were converted into shares of common stock on September 12, 2007. The remaining units were converted into 9,849 restricted stock units that will be converted into common shares of Fidelity National Information Services, Inc. ("FIS") in equal installments on February 19, 2010 (4,221 units) and February 19, 2011 (5,628 units) if the holder continues to provide services to the Company through the applicable vesting date. The vesting of these remaining units is subject to acceleration upon the death or disability of the holder, the termination of the holder's services by the Company without cause or by the holder for good reason (each a "Retention Acceleration Event").

4. Shares were disposed of pursuant to the merger agreement, dated June 26, 2007 (the "Merger Agreement"), by and between the Company, FIS and Agamemnon Merger Corp. in exchange for the merger consideration (the "Merger Consideration") of $36.50 per share.

5. Options were granted under the Company's 2006 Stock Incentive Plan on August 28, 2006 (50,000 shares @ $21.98 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 and vested in its entirety on September 12, 2007, at which point they were converted into options to purchase 39,741 FIS shares @ $27.65 per share and 32,818 FIS shares @ $30.22 per share, respectively.

6. Ten year options were granted under the Company's 2006 Stock Incentive Plan on February 26, 2007 (76,618 shares @ $25.89 per share). Options to purchase 9,577 shares vested on September 12, 2007 and were converted into options to purchase 7,612 FIS shares @ $32.57 per share. The remaining options were converted into options to purchase 53,286 FIS shares @ $32.57 per share. 28,732 of these remaining options will vest and become exercisable in equal installments on February 26, 2010 and the balance will vest and become exercisable on February 26, 2011, provided that the holder continues to provide services through the applicable vesting date, subject to acceleration upon the occurrence of a Retention Acceleration Event.

Remarks:

	Shailesh M. Kotwal by Steven G. Fishbach /s/ Steven G. Fishbach	09/20/2007
	** 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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