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Filing Details

Accession Number:: 0001181431-12-021292
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2012-04-02 19:32:45
Reporting Period:: 2012-03-31

Filing Date:: 2012-04-02
Accepted Time:: 2012-04-02 19:32:45
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
1202553	H John Scully	591 Redwood Highway, Suite 3215 Mill Valley CA 94941	Yes	No	Yes	No
1218663	E William Oberndorf	591 Redwood Highway, Suite 3215 Mill Valley CA 94941	No	No	Yes	No
1252467	Trust Oberndorf Susan & William	591 Redwood Highway, Suite 3215 Mill Valley CA 94941	No	No	Yes	No
1273627	Trust Living Scully H John	591 Redwood Highway , Suite 3215 Mill Valley CA 94941	No	No	Yes	No
1545752	Trust Mcdermott Elizabeth & Edward	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	Disposition	2012-03-31	0	$0.00	15,712,200	No	4	S	Indirect	See Footnotes

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

Footnotes

On March 31, 2012, the John H. Scully Living Trust ("JHS Trust") and the Edward & Elizabeth McDermott Trust ("EHM Trust") purchased one-third of the outstanding shares of SPO Advisory Corp. ("SPO Corp.") previously owned by the William E. & Susan C. Oberndorf Trust. William E. Oberndorf left the SPO reporting group on March 31, 2012 and is no longer a controlling person of SPO Corp.
Additionally, following the transaction which caused this filing, 14,422,800 shares of the Issuer's common stock are owned directly by SPO Partners II, L.P. ("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 Corp., the sole general partner of SPO Advisory, and (iii) John H. Scully ("JHS") and Edward H. McDermott ("EHM"), the two controlling persons of SPO Corp. Additionally, 1,289,400 shares of the Issuer's common stock are owned directly by San Francisco Partners, L.P. ("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 and EHM, the two controlling persons of SPO Corp.
Additionally, following the transaction which caused this filing, JHS beneficially owns 400 shares of the Issuer's common stock held in the JHS individual retirement account, which is self directed. Additionally, JHS owns 120,000 stock options of the Issuer's common stock. These stock options were granted to JHS as a director of the company. Pursuant to the partnership agreement governing SPO Partners, total stock options owned by JHS may be deemed to be indirectly beneficially owned by SPO Partners, along with any profits arising from the exercise of the aforementioned stock options.