SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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: February 28, 2011
Estimated average burden
hours per response 0.5
  
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
SATTLER JOHN
(Last) (First) (Middle)
750 WEST JOHN CARPENTER FREEWAY
SUITE 1200
(Street)
IRVING TX 75039
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
ADVANCEPCS [ ADVP ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP, Sales & Account Services
3. Date of Earliest Transaction (Month/Day/Year)
02/27/2004
4. If Amendment, Date of 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
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)
Code V Amount (A) or (D) Price
Common Stock 02/27/2004 M 2,383 A $7.343 12,573 D
Common Stock 02/27/2004 M 12,000 A $6.225 24,573 D
Common Stock 02/27/2004 M 48,000 A $15.585 72,573 D
Common Stock 02/27/2004 M 20,000 A $17.125 92,573 D
Common Stock 02/27/2004 M 8,000 A $28.65 100,573 D
Common Stock 02/27/2004 M 3,000 A $29.5 103,573 D
Common Stock 02/27/2004 S 22,573 D $69.043 81,000 D
Common Stock 02/27/2004 S 3,800 D $69.171 77,200 D
Common Stock 02/27/2004 S 3,800 D $69.232 73,400 D
Common Stock 02/27/2004 S 10,000 D $69.376 63,400 D
Common Stock 02/27/2004 S 3,200 D $69.5 60,200 D
Common Stock 02/27/2004 S 11,900 D $69.504 48,300 D
Common Stock 02/27/2004 S 11,000 D $69.548 37,300 D
Common Stock 02/27/2004 S 12,100 D $69.551 25,200 D
Common Stock 02/27/2004 S 4,200 D $69.569 21,000 D
Common Stock 02/27/2004 S 10,600 D $69.582 10,400 D
Common Stock 02/27/2004 S 10,400 D $69.6 0 D
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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Incentive Stock Option Grant $7.343 02/27/2004 M 2,383 06/25/1998 ( 1 ) 06/25/2008 Common Stock 2,383 $0 219,617 D
Incentive Stock Option Grant $6.225 02/27/2004 M 12,000 04/01/2000 ( 2 ) 04/01/2010 Common Stock 12,000 $0 207,617 D
Incentive Stock Option Grant $15.585 02/27/2004 M 48,000 10/02/2000 ( 3 ) 10/20/2010 Common Stock 48,000 $0 159,617 D
Incentive Stock Option Grant $17.125 02/27/2004 M 20,000 01/18/2001 ( 4 ) 01/18/2011 Common Stock 20,000 $0 139,617 D
Incentive Stock Option Grant $28.65 02/27/2004 M 8,000 12/20/2001 ( 5 ) 12/20/2011 Common Stock 8,000 $0 131,617 D
Incentive Stock Option Grant $29.5 02/27/2004 M 3,000 05/13/2002 ( 6 ) 05/13/2012 Common Stock 3,000 $0 128,617 D
Incentive Stock Option Grant $2.25 02/27/2004 M 5,000 10/07/1996 ( 7 ) 10/07/2006 Common Stock 5,000 $0 123,617 D
Incentive Stock Option Grant $7.343 02/27/2004 M 13,617 06/25/1998 ( 8 ) 06/25/2008 Common Stock 13,617 $0 110,000 D
Explanation of Responses:
1. Option vests in five equal annual installments beginning on the "Date Exercisable" above.
2. Option vests in five equal annual installments beginning on the "Date Exercisable" above.
3. Option vests in five equal annual installments beginning on the "Date Exercisable" above.
4. Option vests in five equal annual installments beginning on the "Date Exercisable" above.
5. Option vests in five equal annual installments beginning on the "Date Exercisable" above.
6. Option vests in five equal annual installments beginning on the "Date Exercisable" above.
7. Option vests in five equal annual installments beginning on the "Date Exercisable" above.
8. Option vests in five equal annual installments beginning on the "Date Exercisable" above.
John Sattler 03/01/2004
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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 Number.