Edgar Filing: EMAGEON INC

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 ^*

SOUTHEASTERN TECHNOLOGY FUND LP

2. Issuer Name and Ticker or Trading Symbol
EMAGEON INC [EMAG]

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

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

(Last)

(First)

(Middle)

207 EAST SIDE SQUARE

3. Date of Earliest Transaction (Month/Day/Year)
10/04/2005

(Street)

HUNTSVILLE, AL 35801

4. If Amendment, Date Original Filed(Month/Day/Year)

6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ 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	10/04/2005		J⁽¹⁾		36,426	D	⁽¹⁾	72,962	D
Common Stock	10/04/2005		J⁽²⁾⁽³⁾⁽⁴⁾		729,042	D	⁽²⁾ ⁽³⁾ ⁽⁴⁾	1,458,246	I	See Footnotes ⁽²⁾ ⁽³⁾ ⁽⁴⁾ ⁽⁵⁾ ⁽⁶⁾ ⁽⁷⁾ ⁽⁸⁾
Common Stock	10/04/2005		J⁽⁵⁾		364	A	⁽⁵⁾	728	D
Common Stock	10/04/2005		J⁽⁶⁾		7,218	A	⁽⁶⁾	14,436	D
Common Stock	10/04/2005		J⁽⁵⁾		728	D	⁽⁵⁾	0	D
Common Stock	10/04/2005		J⁽⁶⁾		14,436	D	⁽⁶⁾	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

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
SOUTHEASTERN TECHNOLOGY FUND LP 207 EAST SIDE SQUARE HUNTSVILLE, AL 35801		X
Southeastern Capital Co. II, L.L.C. 207 EAST SIDE SQUARE HUNTSVILLE, AL 35801		X
Southeastern Capital Co., L.L.C. 207 EAST SIDE SQUARE HUNTSVILLE, AL 35801		X
Southeastern Management Co., L.L.C. 207 EAST SIDE SQUARE HUNTSVILLE, AL 35801				See Footnotes 6, 7, and 8
STF PARTNERS II LP 207 EAST SIDE SQUARE HUNTSVILLE, AL 35801		X
STF PARTNERS QP II L P 207 EAST SIDE SQUARE HUNTSVILLE, AL 35801		X
STF INSTITUTIONAL PARTNERSHIP II L P 207 EAST SIDE SQUARE HUNTSVILLE, AL 35801		X

Signatures

Southeastern Technology Fund, LP By: Southeastern Capital Co., LLC By: /s/ Chris H. Horgen, Senior Managing Partner		10/07/2005
^**Signature of Reporting Person		Date
Southeastern Capital Co. II, LLC By: /s/ Chris H. Horgen, Senior Managing Partner		10/07/2005
^**Signature of Reporting Person		Date
Southeastern Capital Co. LLC By: /s/ Chris H. Horgen, Senior Managing Partner		10/07/2005
^**Signature of Reporting Person		Date
Southeastern Management Co., LLC By: /s/ Chris H. Horgen, Senior Managing Partner		10/07/2005
^**Signature of Reporting Person		Date
STF Partners II, LP By: Southeastern Capital Co. II, LLC By: /s/ Chris H. Horgen, Senior Managing Partner		10/07/2005
^**Signature of Reporting Person		Date
STF Partners QB II, LP By: Southeastern Capital Co. II, LLC By: /s/ Chris H. Horgen, Senior Managing Partner		10/07/2005
^**Signature of Reporting Person		Date
STF Institutional Partners II, LP By: Southeastern Capital Co II, LLC By: /s/ Chris H. Horgan, Senior Managing Partner		10/07/2005
^**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)	Southeastern Technology Fund, L.P. ("SETF") owned 109,388 shares of Common Stock. There are 74 limited partners of SETF. On October 4, 2005, SETF made a pro rata distribution of 36,426 shares of Common Stock to its 74 limited partners, and its general partner, Southeastern Capital Co., L.L.C. ("SCC").
(2)	STF Partners II, L.P. ("STFP") owned 522,070 shares of Common Stock. There are 67 limited partners of STFP. On October 4, 2005, STFP made a pro rata distribution of 174,003 shares of Common Stock to its 67 limited partners, and its general partner, Southeastern Capital Co. II, L.L.C. ("SCCII").
(3)	STF Partners QP II, L.P. ("STFQP") owned 257,546 shares of Common Stock. There are 29 limited partners of STFQP. On October 4, 2005, STFQP made a pro rata distribution of 85,834 shares of Common Stock to its 29 limited partners, and its general partner, SCCII.
(4)	STF Institutional Partners II, L.P. ("STFIP") owned 1,407,672 shares of Common Stock. There are 55 limited partners of STFIP. On October 4, 2005, STFIP made a pro rata distribution of 469,205 shares of Common Stock to its 55 limited partners, and its general partner, SCCII.
(5)	SCC is the general partner of SETF and owns a 1% equity and voting interest in SETF. SCC received 364 shares of Common Stock as part of a pro rata distribution of Common Stock to the partners of SETF. Contemporaneously with the receipt of the shares of Common Stock from the distribution, SCC distributed 728 shares to its members, of which Mr. Horgen, a reporting person, received 510.
(6)	SCCII is the general partner of STFP, STFQP, and STFIP and owns a 0.9900% equity and voting interest in STFP, STFQP, and STFIP. SCCII received 7,218 shares of Common Stock as part of a pro rata distribution of Common Stock to the partners of STFP, STFQP, and STFIP. Contemporaneously with the receipt of the shares of Common Stock from the distribution, SCCII distributed 14,436 shares to its members, of which Mr. Horgen, a reporting person, received 5,570.
(7)	Southeastern Management Co., L.L.C. ("SMC") provides investment advisory and administrative services to SETF, STFP, STFQP, STFIP, SCC and SCCII.
(8)	SCC and SCCII, as the general partners of SETF, STFP, STFQP, and STFIP; and SMC, as the investment advisor for SETF, STFP, STFQP, STFIP, SCC and SCCII, may each be deemed to hold voting and investment power for the shares held by the foregoing funds. SCC, SCCII and SMC disclaim beneficial ownership of all such shares held by the foregoing funds, except to the extent of their proportionate pecuniary interests therein.

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