Edgar Filing: DERKACHT GREGORY D

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 ^*

DERKACHT GREGORY D

2. Issuer Name and Ticker or Trading Symbol
TRANSACTION SYSTEMS ARCHITECTS INC [TSAI]

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

_____ Director	_____ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
Executive Vice President

(Last)

(First)

(Middle)

224 S. 108 AVENUE

3. Date of Earliest Transaction (Month/Day/Year)
02/21/2006

(Street)

OMAHA, NE 68154

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	02/21/2006		M		1,900	A	$ 11.86	1,900	D
Common Stock	02/21/2006		S		1,900	D	$ 30.4468 ⁽¹⁾	0	D
Common Stock	02/22/2006		M		46,798	A	$ 9.8	46,798	D
Common Stock	02/22/2006		S		46,798	D	$ 30.019 ⁽²⁾	0	D
Common Stock	02/23/2006		M		100	A	$ 11.86	100	D
Common Stock	02/23/2006		S		100	D	$ 30.2213 ⁽³⁾	0	D
Common Stock	02/23/2006		M		1,600	A	$ 9.8	1,600	D
Common Stock	02/23/2006		S		1,600	D	$ 30.2213 ⁽³⁾	0	D
Common Stock	02/23/2006		M		3,202	A	$ 9.8	3,202	D
Common Stock	02/23/2006		S		3,202	D	$ 30.2213 ⁽³⁾	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

Non-Qualified Stock Option (right to buy)

$ 9.8

02/22/2006

46,798

⁽⁴⁾

02/19/2012

Common Stock

46,798

$ 0

4,802

Non-Qualified Stock Option (right to buy)

$ 9.8

02/23/2006

1,600

⁽⁵⁾

02/19/2012

Common Stock

1,600

$ 0

3,202

Non-Qualified Stock Option (right to buy)

$ 9.8

02/23/2006

3,202

⁽⁴⁾

02/19/2012

Common Stock

3,202

$ 0

Non-Qualified Stock Option (right to buy)

$ 11.86

02/21/2006

1,900

⁽⁶⁾

01/02/2012

Common Stock

1,900

$ 0

100

Non-Qualified Stock Option (right to buy)

$ 11.86

02/23/2006

100

⁽⁶⁾

01/02/2012

Common Stock

100

$ 0

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
DERKACHT GREGORY D 224 S. 108 AVENUE OMAHA, NE 68154			Executive Vice President

Signatures

By: /s/ Victoria H. Finley, Attorney in Fact For: Gregory D. Derkacht		02/23/2006
^**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 sale price ranged from $30.05 to $30.80, with a weighted average sale price of $30.4468.
(2)	The sale price ranged from $29.90 to $30.14, with a weighted average sale price of $30.019.
(3)	The sale price ranged from $30.00 to $30.38, with a weighted average sale price of $30.2213.
(4)	The options vest in equal annual installments over a 4 - year period commencing February 19, 2002. This vesting schedule was subject to acceleration based upon the achievement of certain financial criteria; however, the criteria were not met and, accordingly, the options vest on an annual basis over a 4 - year period. The options reported as exercised herein were vested prior to exercise.
(5)	The options vest in equal annual installments over a 3 - year period commencing February 19, 2002. The options reported as exercised herein were vested prior to exercise.
(6)	The options vest in equal annual installments over a 3 - year period commencing January 2, 2002. The options reported as exercised herein were vested prior to exercise.
Remarks: Transaction Systems Architects, Inc. ("TSA") issued a press release dated September 28, 2004 announcing Mr. Derkacht's plans to retire from TSA not later than June 30, 2006, which press release was attached as an exhibit to TSA's Current Report on Form 8-K dated September 29, 2004. The transactions reported herein are in contemplation of Mr. Derkacht's planned retirement.

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.