Edgar Filing: DAVIS T RAY

Ownership Submission

FORM 4

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

DAVIS T RAY

2. Issuer Name and Ticker or Trading Symbol
SUNGARD DATA SYSTEMS INC [SDS]

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

_____ Director	_____ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
Group Chief Executive Officer

(Last)

(First)

(Middle)

104 INVERNESS CENTER PLACE

3. Date of Earliest Transaction (Month/Day/Year)
08/11/2005

(Street)

BIRMINGHAM, AL 35242

4. If Amendment, Date 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

(City)

(State)

(Zip)

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	08/11/2005		M		14,400	A	$ 8.4063	16,451.522	D
Common Stock	08/11/2005		M		34,800	A	$ 19.8125	51,251.522	D
Common Stock	08/11/2005		M		36,000	A	$ 13.375	87,251.522	D
Common Stock	08/11/2005		M		25,200	A	$ 19.8125	112,451.522	D
Common Stock	08/11/2005		M		31,200	A	$ 17.2188	143,651.522	D
Common Stock	08/11/2005		M		40,000	A	$ 19.8125	183,651.522	D
Common Stock	08/11/2005		M		40,730	A	$ 15.7188	224,381.522	D
Common Stock	08/11/2005		M		16,000	A	$ 28.5	240,381.522	D
Common Stock	08/11/2005		D		2,051.522 ⁽³⁾	D	$ 36	238,330	D
Common Stock	08/11/2005		S		238,330	D	$ 36	0	D

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
	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 control number.		SEC 1474 (9-02)

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 Underlying Securities
(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 of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Option to Buy

$ 8.4063

08/11/2005

14,400

02/12/2001

02/12/2006

Common Stock

14,400

$ 0

Option to Buy

$ 19.8125

08/11/2005

34,800

02/26/2004

03/03/2009

Common Stock

34,800

$ 0

Option to Buy

$ 13.375

08/11/2005

36,000

01/06/2005

01/11/2010

Common Stock

36,000

$ 0

Option to Buy

$ 19.8125

08/11/2005

25,200

02/26/2004

02/26/2009

Common Stock

25,200

$ 0

Option to Buy

$ 17.2188

08/11/2005

31,200

07/02/2001

05/16/2008

Common Stock

31,200

$ 0

Option to Buy

$ 19.8125

08/11/2005

40,000

07/01/2002

03/03/2009

Common Stock

40,000

$ 0

Option to Buy

$ 15.7188

08/11/2005

40,730

08/11/2005⁽¹⁾

02/27/2010

Common Stock

40,730

$ 0

8,770

Option to Buy

$ 28.5

08/11/2005

16,000

08/11/2005⁽¹⁾

03/07/2011

Common Stock

16,000

$ 0

4,000

Option to Buy

$ 15.7188

08/11/2005

8,770

08/11/2005⁽¹⁾

02/27/2010

Common Stock

8,770

⁽²⁾

Option to Buy

$ 28.5

08/11/2005

4,000

08/11/2005⁽¹⁾

03/07/2011

Common Stock

4,000

⁽²⁾

Option to Buy

$ 18.9063

08/11/2005

40,000

08/11/2005⁽¹⁾

08/22/2010

Common Stock

40,000

⁽²⁾

Option to Buy

$ 28.5

08/11/2005

61,200

08/11/2005⁽¹⁾

03/07/2011

Common Stock

61,200

⁽²⁾

Option to Buy

$ 32.81

08/11/2005

45,900

08/11/2005⁽¹⁾

03/06/2012

Common Stock

45,900

⁽²⁾

Option to Buy

$ 19.35

08/11/2005

56,500

08/11/2005⁽¹⁾

03/03/2013

Common Stock

56,500

⁽²⁾

Option to Buy

$ 28.03

08/11/2005

63,100

08/11/2005⁽¹⁾

02/25/2014

Common Stock

63,100

⁽²⁾

Option to Buy

$ 26.08

08/11/2005

68,000

08/11/2005⁽¹⁾

03/03/2015

Common Stock

68,000

⁽²⁾

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
DAVIS T RAY 104 INVERNESS CENTER PLACE BIRMINGHAM, AL 35242			Group Chief Executive Officer

Signatures

Leslie S. Brush, Attorney-in-fact for T. Ray Davis		08/11/2005
^**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	Immediately before the effective time of the merger of Solar Capital Corp. with and into the Issuer, all unvested options became fully vested and immediately exercisable.
(2)	In connection with the merger of Solar Capital Corp. with and into the Issuer, stock options of the Issuer were converted into options to purchase equity in the acquiring entities based on a formula designed to equal the current intrinsic value of the converted options.
(3)	In connection with the merger of Solar Capital Corp. with and into the Issuer, shares of the Issuer's common stock were cancelled in the merger for $36 per share.

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