~~Table~~UNITED ofSTATES SECURITIES ~~Contents~~AND EXCHANGE COMMISSION

~~UNITED~~WASHINGTON, ~~STATES SECURITIES~~D.C. ~~AND EXCHANGE COMMISSION~~20549

~~WASHINGTON,~~FORM ~~D.C. 20549~~8-K

~~FORM~~CURRENT ~~8-K~~REPORT

~~CURRENT REPORT~~ Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): December 2221, ~~2005~~2006

CORILLIAN CORPORATION

(Exact name of registrant as specified in its charter)

Commission file number: 0-29291

Oregon		91-1795219
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)


Oregon (State or other jurisdiction of incorporation or organization)		91-1795219 (I.R.S. Employer Identification No.)

3400 NW John Olsen Place Hillsboro, Oregon		97124
(Address of principal executive offices)		(Zip Code)


3400 NW John Olsen Place Hillsboro, Oregon (Address of principal executive offices)		97124 (Zip Code)

Registrant’s telephone number, including area code: (503) 629-3300

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o		Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o		Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o		Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o		Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

~~TABLE~~Item 5.02. OFDeparture ~~CONTENTS~~of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers

~~Item~~ On 7December 21, 2006, Robert G.01 ~~Regulation~~Barrett FDnotified ~~Disclosure~~Corillian ~~SIGNATURES~~that he has decided to resign from Corillian’s Board of Directors, effective immediately.

~~Table of Contents~~SIGNATURES

~~Item 7.01~~ Pursuant ~~Regulation FD~~to ~~Disclosure~~the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

OnDate: December 22, ~~2005, the Board of Directors of Corillian Corporation (“Corillian”) approved~~2006 the acceleration of vesting of Corillian’s outstanding stock options with option exercise prices equal to or greater than $5.00. The acceleration will apply to all options outstanding as of December 30, 2005 under Corillian’s 2000 Stock Incentive Compensation Plan and 2003 Nonqualified Stock Incentive Compensation Plan. Options to purchase an estimated 354,218 shares of Corillian’s common stock, or approximately 0.8% of Corillian’s total outstanding options, with a weighted average exercise price of $5.74 and varying remaining vesting schedules, became immediately vested and exercisable as of December 30, 2005. Of these 354,218 options, approximately 200,000 options are held by Corillian’s executive officers. No options held by Corillian’s directors were impacted by the acceleration of vesting. The closing price of Corillian’s common stock as quoted on Nasdaq on December 22, 2005, the date of approval of the acceleration by the Board of Directors, was $2.80 per share.

AsCORILLIAN aCORPORATION ~~result~~By: ~~of this acceleration, Corillian expects to reduce its exposure to the effects of the Financial Accounting Standards Board’~~/s/ ~~Statement~~PAUL ~~of Financial Accounting Standards No~~K. ~~123 (revised~~ ~~2004),~~WILDE ~~Share-Based~~Paul ~~Payment (FAS 123R), which requires companies to recognize stock-based compensation expense associated with stock options based on the fair value method~~K. ~~Corillian currently~~Wilde ~~estimates~~Chief aFinancial ~~reduction in stock-based compensation expense associated with this acceleration of approximately $536,000 for each fiscal years 2006 and 2007 and approximately $95,000 for subsequent fiscal years.~~ Officer

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: January 5, 2005

CORILLIAN CORPORATION By: /s/ ALEX P. HART Alex P. Hart President and Chief Executive Officer

Filing Compare · CORILLIAN CORP