Edgar Filing: RUANE MICHAEL J

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

OMB APPROVAL

OMB Number:

3235-0287

Expires:

January 31, 2005

Estimated average burden hours per response...

0.5

(Print or Type Responses)

1. Name and Address of Reporting Person ^*

RUANE MICHAEL J

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)
Sr. VP-Finance, CFO & Treas.

(Last)

(First)

(Middle)

SUNGARD DATA SYSTEMS INC., 680 EAST SWEDESFORD ROAD

3. Date of Earliest Transaction (Month/Day/Year)
08/10/2005

(Street)

WAYNE, PA 19087

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	08/10/2005		D		149,040	D	⁽¹⁾	0	D
Common Stock	08/11/2005		M		40,000	A	$ 15.7813	40,000	D
Common Stock	08/11/2005		M		20,000	A	$ 13.375	60,000	D
Common Stock	08/11/2005		M		5,000	A	$ 19.35	65,000	D
Common Stock	08/11/2005		M		72,000	A	$ 8.4063	137,000	D
Common Stock	08/11/2005		M		54,000	A	$ 17.2188	191,000	D
Common Stock	08/11/2005		M		70,500	A	$ 19.8125	261,500	D
Common Stock	08/11/2005		M		95,700	A	$ 15.7188	357,200	D
Common Stock	08/11/2005		M		88,600	A	$ 28.5	445,800	D
Common Stock	08/11/2005		M		68,750	A	$ 32.81	514,550	D
Common Stock	08/11/2005		M		85,625	A	$ 19.35	600,175	D
Common Stock	08/11/2005		M		17,224	A	$ 19.35	617,399	D
Common Stock	08/11/2005		S		617,399	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

$ 15.7813

08/11/2005

40,000

05/14/2004

05/19/2009

Common Stock

40,000

$ 0

Option to Buy

$ 13.375

08/11/2005

20,000

01/06/2005

01/11/2010

Common Stock

20,000

$ 0

Option to Buy

$ 19.35

08/11/2005

5,000

08/11/2005⁽²⁾

03/03/2013

Common Stock

5,000

$ 0

Option to Buy

$ 8.4063

08/11/2005

72,000

02/12/2001

02/12/2006

Common Stock

72,000

$ 0

Option to Buy

$ 17.2188

08/11/2005

54,000

07/02/2001

05/16/2008

Common Stock

54,000

$ 0

Option to Buy

$ 19.8125

08/11/2005

70,500

08/11/2005⁽²⁾

03/03/2009

Common Stock

70,500

$ 0

Option to Buy

$ 15.7188

08/11/2005

95,700

08/11/2005⁽²⁾

02/27/2010

Common Stock

95,700

$ 0

Option to Buy

$ 28.5

08/11/2005

88,600

08/11/2005⁽²⁾

03/07/2011

Common Stock

88,600

$ 0

Option to Buy

$ 32.81

08/11/2005

68,750

12/31/2004

03/06/2012

Common Stock

68,750

$ 0

Option to Buy

$ 19.35

08/11/2005

85,625

08/11/2005⁽²⁾

03/03/2013

Common Stock

85,625

$ 0

Option to Buy

$ 19.35

08/11/2005

17,224

08/11/2005⁽²⁾

02/26/2013

Common Stock

17,224

$ 0

2,776

Option to Buy

$ 19.35

08/11/2005

2,776

08/11/2005⁽²⁾

02/26/2013

Common Stock

2,776

⁽³⁾

Option to Buy

$ 28.03

08/11/2005

74,000

08/11/2005⁽²⁾

02/25/2014

Common Stock

74,000

⁽³⁾

Option to Buy

$ 26.08

08/11/2005

80,500

08/11/2005⁽²⁾

03/03/2015

Common Stock

80,500

⁽³⁾

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
RUANE MICHAEL J SUNGARD DATA SYSTEMS INC. 680 EAST SWEDESFORD ROAD WAYNE, PA 19087			Sr. VP-Finance, CFO & Treas.

Signatures

Leslie S. Brush, Attorney-in-fact for Michael J. Ruane		08/12/2005
^**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)	In connection with the merger of Solar Capital Corp. with and into the Issuer, shares of the Issuer are being contributed in exchange for equity in the acquiring entities valued, in the aggregate, at an amount equal to $36.00 per share contributed.
(2)	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.
(3)	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.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.