Edgar Filing: PEAD PHILIP M

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 ^*

PEAD PHILIP M

2. Issuer Name and Ticker or Trading Symbol
PER SE TECHNOLOGIES INC [PSTI]

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

__X__ Director	_____ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
Chairman, President and CEO

(Last)

(First)

(Middle)

1145 SANCTUARY PARKWAY, SUITE 200

3. Date of Earliest Transaction (Month/Day/Year)
01/03/2006

(Street)

ALPHARETTA, GA 30004

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	01/03/2006		M⁽¹⁾		1,800	A	$ 3.75	146,563 ⁽²⁾	D
Common Stock	01/03/2006		S⁽¹⁾		1,800	D	$ 22.9	144,763 ⁽²⁾	D
Common Stock	01/03/2006		M⁽¹⁾		200	A	$ 3.75	144,963 ⁽²⁾	D
Common Stock	01/03/2006		S⁽¹⁾		200	D	$ 22.92	144,763 ⁽²⁾	D
Common Stock	01/03/2006		M⁽¹⁾		712	A	$ 3.75	145,475 ⁽²⁾	D
Common Stock	01/03/2006		S⁽¹⁾		712	D	$ 23	144,763 ⁽²⁾	D
Common Stock	01/03/2006		M⁽¹⁾		1,000	A	$ 3.75	145,763 ⁽²⁾	D
Common Stock	01/03/2006		S⁽¹⁾		1,000	D	$ 23.01	144,763 ⁽²⁾	D
Common Stock	01/03/2006		M⁽¹⁾		1,200	A	$ 3.75	145,963 ⁽²⁾	D
Common Stock	01/03/2006		S⁽¹⁾		1,200	D	$ 23.02	144,763 ⁽²⁾	D
Common Stock	01/03/2006		M⁽¹⁾		788	A	$ 3.75	145,551 ⁽²⁾	D
Common Stock	01/03/2006		S⁽¹⁾		788	D	$ 23.04	144,763 ⁽²⁾	D
Common Stock	01/03/2006		M⁽¹⁾		300	A	$ 3.75	145,063 ⁽²⁾	D
Common Stock	01/03/2006		S⁽¹⁾		300	D	$ 23.05	144,763 ⁽²⁾	D
Common Stock	01/03/2006		M⁽¹⁾		300	A	$ 3.75	145,063 ⁽²⁾	D
Common Stock	01/03/2006		S⁽¹⁾		300	D	$ 23.14	144,763 ⁽²⁾	D
Common Stock	01/03/2006		M⁽¹⁾		700	A	$ 3.75	145,463 ⁽²⁾	D
Common Stock	01/03/2006		S⁽¹⁾		700	D	$ 23.15	144,763 ⁽²⁾	D
Common Stock	01/03/2006		M⁽¹⁾		250	A	$ 3.75	145,013 ⁽²⁾	D
Common Stock	01/03/2006		S⁽¹⁾		250	D	$ 23.18	144,763 ⁽²⁾	D
Common Stock	01/03/2006		M⁽¹⁾		2,000	A	$ 3.75	146,763 ⁽²⁾	D
Common Stock	01/03/2006		S⁽¹⁾		2,000	D	$ 23.22	144,763 ⁽²⁾	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

Employee Stock Option (right to buy)

$ 3.75

01/03/2006

M⁽¹⁾

1,800

11/13/2002

11/13/2011

Common Stock

1,800

$ 0

25,950 ⁽³⁾

Employee Stock Option (right to buy)

$ 3.75

01/03/2006

M⁽¹⁾

200

11/13/2002

11/13/2011

Common Stock

200

$ 0

25,750 ⁽³⁾

Employee Stock Option (right to buy)

$ 3.75

01/03/2006

M⁽¹⁾

712

11/13/2002

11/13/2011

Common Stock

712

$ 0

25,038 ⁽³⁾

Employee Stock Option (right to buy)

$ 3.75

01/03/2006

M⁽¹⁾

1,000

11/13/2002

11/13/2011

Common Stock

1,000

$ 0

24,038 ⁽³⁾

Employee Stock Option (right to buy)

$ 3.75

01/03/2006

M⁽¹⁾

1,200

11/13/2002

11/13/2011

Common Stock

1,200

$ 0

22,838 ⁽³⁾

Employee Stock Option (right to buy)

$ 3.75

01/03/2006

M⁽¹⁾

788

11/13/2002

11/13/2011

Common Stock

788

$ 0

22,050 ⁽³⁾

Employee Stock Option (right to buy)

$ 3.75

01/03/2006

M⁽¹⁾

300

11/13/2002

11/13/2011

Common Stock

300

$ 0

21,750 ⁽³⁾

Employee Stock Option (right to buy)

$ 3.75

01/03/2006

M⁽¹⁾

300

11/13/2002

11/13/2011

Common Stock

300

$ 0

21,450 ⁽³⁾

Employee Stock Option (right to buy)

$ 3.75

01/03/2006

M⁽¹⁾

700

11/13/2002

11/13/2011

Common Stock

700

$ 0

20,750 ⁽³⁾

Employee Stock Option (right to buy)

$ 3.75

01/03/2006

M⁽¹⁾

250

11/13/2002

11/13/2011

Common Stock

250

$ 0

20,500 ⁽³⁾

Employee Stock Option (right to buy)

$ 3.75

01/03/2006

M⁽¹⁾

2,000

11/13/2002

11/13/2011

Common Stock

2,000

$ 0

18,500 ⁽³⁾

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
PEAD PHILIP M 1145 SANCTUARY PARKWAY SUITE 200 ALPHARETTA, GA 30004	X		Chairman, President and CEO

Signatures

/s/ PHILIP M. PEAD		01/03/2006
^**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)	The transactions reported, which consist of the exercise of an aggregate of 9,250 employee stock options and the concurrent sale of the underlying shares of common stock, were effected pursuant to an amended trading plan adopted by the Reporting Person pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934, as amended. (This is the ninth tranche of stock options exercised and shares sold under that plan.)
(2)	Includes 17,948 deferred stock units credited to the Reporting Person's account under the Per-Se Technologies, Inc. Deferred Stock Unit Plan, and 966 shares credited to the Reporting Person's account under the Per-Se Technologies, Inc. Employees' Retirement Savings Plan (the Per-Se 401(k) plan); does not include 2,716 shares of Common Stock held by family members, for which the Reporting Person disclaims beneficial ownership.
(3)	Does not include an additional 1,454,998 employee stock options granted on other dates and having different terms, including different exercise prices.

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