| 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
AFFILIATED COMPUTER SERVICES INC [ ACS ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 05/14/2008 | ||||||||||||||||||||||||||
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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 | ||||||
| Class A Common Stock $0.01 par value | 05/14/2008 | M | 7,000 | A | $29.525 | 7,000 | D | |||
| Class A Common Stock $0.01 par value | 05/14/2008 | S | 7,000 | D | $55.54 | 0 | D | |||
| Class A Common Stock $0.01 par value | 05/14/2008 | M | 8,000 | A | $34.67 | 8,000 | D | |||
| Class A Common Stock $0.01 par value | 05/14/2008 | S | 800 | D | $55.54 | 0 | D | |||
| Class A Common Stock $0.01 par value | 300 | D | ||||||||
| Class A Common Stock $0.01 par value | 200 | I | IRA | |||||||
| Class A Common Stock $0.01 par value | 657 | I | 401k Plan | |||||||
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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 | ||||||||
| Employee Stock Option (Right to Buy) | $50.29 | (1) | 08/15/2017 | Class A Common | 150,000 | 150,000 | D | ||||||||
| Employee Stock Option (Right to Buy) | $59.13 | (1) | 06/14/2017 | Class A Common | 50,000 | 50,000 | D | ||||||||
| Employee Stock Option (Right to Buy) | $49.62 | (1) | 08/15/2016 | Class A Common | 25,000 | 25,000 | D | ||||||||
| Employee Stock Option (Right to Buy) | $52.99 | (1) | 09/13/2015 | Class A Common | 5,000 | 5,000 | D | ||||||||
| Employee Stock Option (Right to Buy) | $51.9 | (1) | 07/30/2014 | Class A Common | 7,500 | 7,500 | D | ||||||||
| Employee Stock Option (Right to Buy) | $44.1 | (1) | 07/21/2013 | Class A Common | 6,000 | 6,000(3) | D | ||||||||
| Employee Stock Option (Right to Buy) | $43 | (1) | 07/21/2013 | Class A Common | 1,500 | 1,500 | D | ||||||||
| Employee Stock Option (Right to Buy) | $37.57 | (1) | 07/23/2012 | Class A Common | 3,000 | 3,000(4) | D | ||||||||
| Employee Stock Option (Right to Buy) | $35.75 | (1) | 07/23/2012 | Class A Common | 2,000 | 2,000 | D | ||||||||
| Employee Stock Option (Right to Buy) | $34.67 | 05/14/2008 | M | 8,000 | (2) | 03/21/2011 | Class A Common | 8,000 | $55.54 | 0(5) | D | ||||
| Employee Stock Option (Right to Buy) | $29.525 | 05/14/2008 | M | 7,000 | (2) | 03/21/2011 | Class A Common | 7,000 | $55.54 | 0 | D | ||||
| Explanation of Responses: |
| 1. These options vest and become exercisable as follows: on each anniversary date of the grant, commencing with the first such anniversary date and continuing on each such anniversary thereafter through and including the fifth anniversary of the date of the grant, 20% of such options shall vest and become exercisable. The date of grant is 10 years prior to the stated expiration date. |
| 2. These options vest and become exercisable as follows: on the third anniversary date of the grant, 60% of such options will vest and become exercisable; and on each of the fourth and fifth anniversary dates of the grant, 20% of such options will vest and become exercisable. The date of grant is 10 years prior to the stated expiration date. |
| 3. As the result of an internal investigation of the Issuer's stock option grant practices, it was determined the accounting measurement date for certain stock option grants were incorrect. A part of this stock option grant has been repriced to reflect the fair market value of each share on the correct measurement date. The Reporting Person received a Grant of Employee Stock Option (Right to Buy) on July 21, 2003 for 7,500 shares of ACS Class A Common Stock $0.01 par value at an Exercise Price of $43.00 per share expiring on July 21, 2013. This stock option grant is 80% vested. The Exercise Price for 6,000 shares has been repriced at $44.10 per share. |
| 4. As the result of an internal investigation of the Issuer's stock option grant practices, it was determined the accounting measurement date for certain stock option grants were incorrect. A part of this stock option grant has been repriced to reflect the fair market value of each share on the correct measurement date. The Reporting Person received a Grant of Employee Stock Option (Right to Buy) on July 23, 2002 for 5,000 shares of ACS Class A Common Stock $0.01 par value at an Exercise Price of $35.75 per share expiring on July 23, 2012. This stock option grant is fully vested. The Exercise Price for 3,000 shares has been repriced at $37.57 per share. |
| 5. As the result of an internal investigation of the Issuer's stock option grant practices, it was determined the accounting measurement date for certain stock option grants were incorrect. A part of this stock option grant has been repriced to reflect the fair market value of each share on the correct measurement date. The Reporting Person received a Grant of Employee Stock Option (Right to Buy) on March 21, 2001 for 20,000 shares of ACS Class A Common Stock $0.01 par value at an Exercise Price of $29.525 per share expiring on March 21, 2011. This stock option grant is fully vested. The Exercise Price for 8,000 shares has been repriced at $34.67 per share. This stock option grant has now been fully exercised. |
| Remarks: |
| Kevin Kyser | 05/16/2008 | |
| ** 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). | ||
| 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. | ||