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Filing Details

Accession Number:: 0001181431-13-044476
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2013-08-13 18:02:49
Reporting Period:: 2013-08-12

Filing Date:: 2013-08-13
Accepted Time:: 2013-08-13 18:02:49
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1002225	Advent Software Inc	ADVS	Services-Computer Programming Services (7371)	942901952

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
919468	Spo Advisory Corp	591 Redwood Highway, Suite 3215 Mill Valley CA 94941	No	No	Yes	No
948279	Sf Advisory Partners Lp	591 Redwood Highway , Suite 3215 Mill Valley CA 94941	No	No	Yes	No
1046206	Spo Partners Ii Lp	591 Redwood Highway, Suite 3215 Mill Valley CA 94941	No	No	Yes	No
1202553	H John Scully	591 Redwood Highway, Suite 3215 Mill Valley CA 94941	Yes	No	Yes	No
1252456	Spo Advisory Partners Lp	591 Redwood Highway, Suite 3215 Mill Valley CA 94941	No	No	Yes	No
1252458	San Francisco Partners Lp	591 Redwood Highway, Suite 3215 Mill Valley CA 94941	No	No	Yes	No
1252462	J Eli Weinberg	591 Redwood Highway , Suite 3215 Mill Valley CA 94941	No	No	Yes	No
1252464	H Edward Mcdermott	591 Redwood Highway , Suite 3215 Mill Valley CA 94941	No	No	Yes	No
1252480	Foundation Snow Phoebe	591 Redwood Highway , Suite 3215 Mill Valley CA 94941	No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2013-08-12	120,000	$7.84	8,318,921	No	4	M	Indirect	See footnotes
Common Stock	Disposition	2013-08-13	7,261,844	$25.79	1,084,670	No	4	S	Indirect	See footnotes

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	M	Indirect	See footnotes
No	4	S	Indirect	See footnotes

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Non-Qualified Stock Option (right to buy)	Disposition	2013-08-12	24,000	$0.00	24,000	$7.84
Common Stock	Non-Qualified Stock Option (right to buy)	Disposition	2013-08-12	12,000	$0.00	12,000	$7.84
Common Stock	Non-Qualified Stock Option (right to buy)	Disposition	2013-08-12	24,000	$0.00	24,000	$7.84
Common Stock	Non-Qualified Stock Option (right to buy)	Disposition	2013-08-12	60,000	$0.00	60,000	$7.84

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
96,000	2006-06-07	2015-06-07	No	4	M	Indirect
84,000	2005-12-01	2014-12-01	No	4	M	Indirect
60,000	2007-05-17	2016-05-17	No	4	M	Indirect
0	2004-11-03	2013-11-03	No	4	M	Indirect

Footnotes

The entities and individuals directly selling the shares reported on this form are SPO Partners II, L.P. ("SPO Partners"), which sold 6,530,806 shares, San Francisco Partners, L.P. ("SF Partners"), which sold 583,445 shares and Phoebe Snow Foundation ("PSF"), which sold 27,593 shares. Additionally, 120,000 options held by John H. Scully ("JHS") were exercised and sold as a part of this transaction. The price for the sales on 8/13/13, reported in Table I above, was $25.785.
Due to the sales causing this filing, 995,715 shares are owned directly by SPO Partners, and may be deemed to be indirectly beneficially owned by (i) SPO Advisory Partners, L.P. ("SPO Advisory"), the sole general partner of SPO Partners, (ii) SPO Advisory Corp. ("SPO Corp."), the sole general partner of SPO Advisory, and (iii) JHS, Edward H. McDermott ("EHM") and Eli J. Weinberg ("EJW"), the three controlling persons of SPO Corp. 88,955 shares are owned directly by SF Partners, and may be deemed to be indirectly beneficially owned by (i)SF Advisory Partners, L.P. ("SF Advisory"), the sole general partner of SF Partners, (ii) SPO Corp. the sole general partner of SF Advisory and (iii) JHS, EHM and EJW, the three controlling persons of SPO Corp. Additionally, Phoebe Snow Foundation ("PSF") owns 4,207 shares.
Additionally, JHS owns 400 shares in his IRAs, which are self-directed, and EJW, owns 340 shares in his individual account, which is self-directed.
The 120,000 options exercised as a part of this transaction were granted to JHS as a director of the company under the 2002 Stock Plan. Pursuant to the partnership agreement governing SPO Partners, total options owned by JHS may be deemed to be indirecly beneficially owned by SPO Partners, along with any profits arising from the exercise of the options or the benefits of these options once they are vested. JHS, EHM and EJW are the three controlling persons of SPO Corp, the sole general partner of SPO Advisory, which is the sole general partner of SPO Partners. Each of the reporting owners disclaims beneficial ownership of the reported securities except to the extent of such person's pecuniary interest, if any, therein.
On August 13, 2013 SPO Partners, SF Partners, PSF and JHS (the "Selling Stockholders") entered into an Underwriting Agreement (the "Underwriting Agreement") with the Issuer and J.P. Morgan Securities LLC and Merrill Lynch, Fenner & Smith Incorporated, as representatives of the several underwriters (the "Underwriters"), in connection with a secondary public offering of Shares as discussed in the porspectus filed with the SEC on August 8, 2013. Pursuant to the Underwriting Agreement, the Selling Stockholders agreed to sell an aggregate of 7,261,844 Shares to the Underwriters, as reported in Table I above. Under the Underwriting Agreement, the Selling Stockholders also granted the Underwriters a 30-day option beginning on August 13, 2013 to purchase up to 1,089,277 additional Shares from the Selling Stockholders.