UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): ~~March 31~~June 29, 2006

GLOBAL IMAGING SYSTEMS, INC.

(Exact Name of Registrant as Specified in Its Charter)

Delaware

000-24373

59-3247752

(State or other jurisdiction of

incorporation or organization)

(Commission File Number)

(I.R.S. Employer

Identification No.)

3820 Northdale Blvd., Suite 200A, Tampa, FL 33624

(Address of principal executive offices - zip code)

(813) 960-5508

(Registrant’s telephone number, including area code)

Not applicable

(former name or former address, if changed since last report)

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:

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

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

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

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

SECTION 1 – REGISTRANT’S BUSINESS AND OPERATIONS

Item 1.01 Entry Into a Material Definitive Agreement.

Item 1.01(a). ~~Effective~~On ~~March 31~~June 29, 2006, ~~the Board of Directors (the “Board”) of~~ Global Imaging Systems, Inc. (the “Company”) ~~accelerated~~entered ~~the~~into ~~vesting~~a ofThird ~~unvested~~Amended ~~stock~~and ~~options~~Restated ~~previously~~Credit ~~issued~~Facility towith ~~officers~~the ~~and employees~~Lenders ~~under~~listed ~~the~~therein, ~~Company’s~~Wachovia ~~equity~~Bank, ~~compensation~~National ~~plans.~~Association, ~~Options~~a ~~held~~national bybanking association, ~~non-employee~~as ~~directors~~Administrative ~~were~~Agent ~~not~~for ~~accelerated.~~the ~~Shares~~Lenders ~~received~~(the ~~upon~~“Administrative ~~the~~Agent”), ~~exercise~~Suntrust ofBank ~~accelerated~~and ~~options~~Bank ~~held~~Of byAmerica, ~~officers~~N.A., as Syndication Agents and ~~other~~LaSalle ~~senior~~Bank ~~management,~~National ~~including~~Association ~~all~~and ofGeneral ~~the Company’s~~Electric ~~executive~~Capital ~~officers~~Corporation, ~~can~~as Documentation ~~not~~Agents. beA ~~sold~~copy ~~prior~~of to the ~~earlier~~Third ofAmended ~~the~~and ~~original~~Restated ~~vesting~~Credit ~~date~~Facility oris ~~their~~incorporated ~~termination~~herein ofas ~~employment~~Exhibit or10.1 ~~service~~filed with this Form 8-K.

~~A copy of the Press Release, dated March~~Section ~~31,~~9 ~~2006,~~– ~~announcing~~Financial ~~the~~Statements ~~acceleration~~and ~~of the vesting of options is incorporated herein as Exhibit 99~~Exhibits.1 ~~filed with this Form 8-K.~~

SECTION 9 – FINANCIAL STATEMENTS AND EXHIBITS.

Item 9.01 Financial Statements and Exhibits

(c)

Exhibits

Exhibit 9910.1 Third Amended –and ~~Press~~Restated ~~Release~~Credit ~~Dated March 31, 2006~~Facility.

SIGNATURE

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.

Dated: April 3, 2006	GLOBAL IMAGING SYSTEMS, INC.
Dated: July 6, 2006	GLOBAL IMAGING SYSTEMS, INC.
	By:	/s/ Lawrence Paine
		Lawrence Paine
		Vice President and General
		Vice President and General Counsel

Filing Compare · GLOBAL IMAGING SYSTEMS INC