Sec Form 13D Filing - VA PARTNERS LLC filing for LiveRamp Holdings Inc. (RAMP) - 2007-10-01

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
=============================================================================
                                 UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C.  20549

                                 SCHEDULE 13D
                Under the Securities and Exchange Act of 1934

                             (Amendment No. 16)

                             Acxiom Corporation
               ------------------------------------------------
                               (Name of Issuer)

                     Common Stock par value $0.01 per share
                ------------------------------------------------
                        (Title of Class of Securities)

                                  005125109
                ------------------------------------------------
                               (CUSIP Number)

                           Allison Bennington, Esq.
                              ValueAct Capital
                       435 Pacific Avenue, Fourth Floor
                          San Francisco, CA  94133
                               (415) 362-3700
                ------------------------------------------------
                 (Name, address and telephone number of Person
                 Authorized to Receive Notices and Communications)

                         Christopher G. Karras, Esq.
                                 Dechert LLP
                                  Cira Centre
                                2929 Arch Street
                          Philadelphia, PA 19104-2808
                                (215) 994-4000

                               October 1, 2007
                ------------------------------------------------
             (Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box [ ].

Note:  Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 240.13d-7 for other
parties to whom copies are to be sent.

*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.

This information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
=============================================================================


                                SCHEDULE 13D
- --------------------------                          -------------------------
CUSIP NO. 005125109                                             Page  2 of 13
- -----------------------------------------------------------------------------
1. NAME OF REPORTING PERSON/S.S. OR I.R.S. INDENTIFICATION NO. OF ABOVE
   PERSON (entities only)

   ValueAct Capital Master Fund, L.P.
- -----------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                  (a) [X]
                                                                      (b) [ ]
- -----------------------------------------------------------------------------
3. SEC USE ONLY

- -----------------------------------------------------------------------------
4. SOURCE OF FUNDS (See Instructions)*

   WC*
- -----------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
   PURSUANT TO ITEMS 2(d) or 2(e)                                         [ ]
- -----------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION

   British Virgin Islands
- -----------------------------------------------------------------------------
                    7.  SOLE VOTING POWER
                        0
   NUMBER OF       ----------------------------------------------------------
   SHARES           8.  SHARED VOTING POWER
   BENEFICIALLY         10,329,711**
   OWNED BY EACH   ----------------------------------------------------------
   PERSON WITH      9.  SOLE DISPOSITIVE POWER
                        0
                   ----------------------------------------------------------
                   10.  SHARED DISPOSITIVE POWER
                        10,329,711**
- -----------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

    10,329,711**
- -----------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
    CERTAIN SHARES                                                        [ ]
- -----------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

    12.8%
- -----------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON

    PN
- -----------------------------------------------------------------------------
*See Item 3
**See Item 2 and 5


                                SCHEDULE 13D
- --------------------------                          -------------------------
CUSIP NO. 005125109                                             Page  3 of 13
- ----------------------------------------------------------------------------
1. NAME OF REPORTING PERSON/S.S. OR I.R.S. INDENTIFICATION NO. OF ABOVE
   PERSON (entities only)

   VA Partners, LLC
- -----------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                  (a) [X]
                                                                      (b) [ ]
- -----------------------------------------------------------------------------
3. SEC USE ONLY

- -----------------------------------------------------------------------------
4. SOURCE OF FUNDS*

   00*
- -----------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
   PURSUANT TO ITEMS 2(d) or 2(e)                                         [ ]
- -----------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION

   Delaware
- -----------------------------------------------------------------------------
                    7.  SOLE VOTING POWER
                        0
   NUMBER OF       ----------------------------------------------------------
   SHARES           8.  SHARED VOTING POWER
   BENEFICIALLY         10,329,711**
   OWNED BY EACH   ----------------------------------------------------------
   PERSON WITH      9.  SOLE DISPOSITIVE POWER
                        0
                   ----------------------------------------------------------
                   10.  SHARED DISPOSITIVE POWER
                        10,329,711**
- -----------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

    10,329,711**
- -----------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
    CERTAIN SHARES                                                        [ ]
- -----------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

    12.8%
- -----------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON

    00 (LLC)
- -----------------------------------------------------------------------------
*See Item 3
**See Item 2 and 5


                                SCHEDULE 13D
- --------------------------                          -------------------------
CUSIP NO. 005125109                                              Page 4 of 13
- ----------------------------------------------------------------------------
1. NAME OF REPORTING PERSON/S.S. OR I.R.S. INDENTIFICATION NO. OF ABOVE
   PERSON (entities only)

   ValueAct Capital Management, L.P.
- -----------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                  (a) [X]
                                                                      (b) [ ]
- -----------------------------------------------------------------------------
3. SEC USE ONLY

- -----------------------------------------------------------------------------
4. SOURCE OF FUNDS*

   00*
- -----------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
   PURSUANT TO ITEMS 2(d) or 2(e)                                         [ ]
- -----------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION

   Delaware
- -----------------------------------------------------------------------------
                    7.  SOLE VOTING POWER
                        0
   NUMBER OF       ----------------------------------------------------------
   SHARES           8.  SHARED VOTING POWER
   BENEFICIALLY         10,329,711**
   OWNED BY EACH   ----------------------------------------------------------
   PERSON WITH      9.  SOLE DISPOSITIVE POWER
                        0
                   ----------------------------------------------------------
                   10.  SHARED DISPOSITIVE POWER
                        10,329,711**
- -----------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

    10,329,711**
- -----------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
    CERTAIN SHARES                                                        [ ]
- -----------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

    12.8%
- -----------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON

    PN
- -----------------------------------------------------------------------------
*See Item 3
**See Item 2 and 5


                                SCHEDULE 13D
- --------------------------                          -------------------------
CUSIP NO. 005125109                                             Page  5 of 13
- ----------------------------------------------------------------------------
1. NAME OF REPORTING PERSON/S.S. OR I.R.S. INDENTIFICATION NO. OF ABOVE
   PERSON (entities only)

   ValueAct Capital Management, LLC
- -----------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                  (a) [X]
                                                                      (b) [ ]
- -----------------------------------------------------------------------------
3. SEC USE ONLY

- -----------------------------------------------------------------------------
4. SOURCE OF FUNDS*

   00*
- -----------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
   PURSUANT TO ITEMS 2(d) or 2(e)                                         [ ]
- -----------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION

   Delaware
- -----------------------------------------------------------------------------
                    7.  SOLE VOTING POWER
                        0
   NUMBER OF       ----------------------------------------------------------
   SHARES           8.  SHARED VOTING POWER
   BENEFICIALLY         10,329,711**
   OWNED BY EACH   ----------------------------------------------------------
   PERSON WITH      9.  SOLE DISPOSITIVE POWER
                        0
                   ----------------------------------------------------------
                   10.  SHARED DISPOSITIVE POWER
                        10,329,711**
- -----------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

    10,329,711**
- -----------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
    CERTAIN SHARES                                                        [ ]
- -----------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

    12.8%
- -----------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON

    00 (LLC)
- -----------------------------------------------------------------------------
*See Item 3
**See Item 2 and 5


                                SCHEDULE 13D
- --------------------------                          -------------------------
CUSIP NO. 005125109                                             Page  6 of 13
- -----------------------------------------------------------------------------
1. NAME OF REPORTING PERSON/S.S. OR I.R.S. INDENTIFICATION NO. OF ABOVE
   PERSON (entities only)

   Jeffrey W. Ubben
- ---------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                  (a) [X]
                                                                      (b) [ ]
- -----------------------------------------------------------------------------
3. SEC USE ONLY

- ---------------------------------------------------------------------------
4. SOURCE OF FUNDS*

   00*
- -----------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
   PURSUANT TO ITEMS 2(d) or 2(e)                                         [ ]
- -----------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION

   United States
- -----------------------------------------------------------------------------
                    7.  SOLE VOTING POWER
                        0
   NUMBER OF       ----------------------------------------------------------
   SHARES           8.  SHARED VOTING POWER
   BENEFICIALLY         10,329,711**
   OWNED BY EACH   ----------------------------------------------------------
   PERSON WITH      9.  SOLE DISPOSITIVE POWER
                        0
                   ----------------------------------------------------------
                   10.  SHARED DISPOSITIVE POWER
                        10,329,711**
- -----------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

    10,329,711**
- -----------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
    CERTAIN SHARES                                                        [ ]
- -----------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

    12.8%
- -----------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON

    IN
- -----------------------------------------------------------------------------
*See Item 3
**See Item 2 and 5


                                SCHEDULE 13D
- --------------------------                          -------------------------
CUSIP NO. 005125109                                             Page  7 of 13
- -----------------------------------------------------------------------------
1. NAME OF REPORTING PERSON/S.S. OR I.R.S. INDENTIFICATION NO. OF ABOVE
   PERSON (entities only)

   George F. Hamel, Jr.
- -------------------------------------
--------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                  (a) [X]
                                                                      (b) [ ]
- -----------------------------------------------------------------------------
3. SEC USE ONLY

- -----------------------------------------------------------------------------
4. SOURCE OF FUNDS*

   00*
- -----------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
   PURSUANT TO ITEMS 2(d) or 2(e)                                        [ ]
- -----------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION

   United States
- -----------------------------------------------------------------------------
                   7.  SOLE VOTING POWER
                        0
   NUMBER OF       ----------------------------------------------------------
   SHARES          8.  SHARED VOTING POWER
   BENEFICIALLY         10,329,711**
   OWNED BY EACH   ----------------------------------------------------------
   PERSON WITH     9.  SOLE DISPOSITIVE POWER
                        0
                   ----------------------------------------------------------
                   10.  SHARED DISPOSITIVE POWER
                        10,329,711**
- -----------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

    10,329,711**
- -----------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
    CERTAIN SHARES                                                        [ ]
- -----------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

    12.8%
- -----------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON

    IN
- -----------------------------------------------------------------------------
*See Item 3
**See Item 2 and 5


                                SCHEDULE 13D
- --------------------------                          -------------------------
CUSIP NO. 005125109                                              Page 8 of 13
- -----------------------------------------------------------------------------
1. NAME OF REPORTING PERSON/S.S. OR I.R.S. INDENTIFICATION NO. OF ABOVE
   PERSON (entities only)

   Peter H. Kamin
- -----------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                  (a) [X]
                                                                      (b) [ ]
- ---------------------------------------------------------------------------
3. SEC USE ONLY

- -----------------------------------------------------------------------------
4. SOURCE OF FUNDS*

   00*
- -----------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
   PURSUANT TO ITEMS 2(d) or 2(e)                                        [ ]
- -----------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION

   United States
- -----------------------------------------------------------------------------
                    7.  SOLE VOTING POWER
                        0
   NUMBER OF       ----------------------------------------------------------
   SHARES           8.  SHARED VOTING POWER
   BENEFICIALLY         10,329,711**
   OWNED BY EACH   ----------------------------------------------------------
   PERSON WITH      9.  SOLE DISPOSITIVE POWER
                        0
                   ----------------------------------------------------------
                   10.  SHARED DISPOSITIVE POWER
                        10,329,711**
- -----------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

    10,329,711**
- -----------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
    CERTAIN SHARES                                                        [ ]
- -----------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

    12.8%
- -----------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON

    IN
- -----------------------------------------------------------------------------
*See Item 3
**See Item 2 and 5


- --------------------------                          -------------------------
CUSIP NO. 005125109                                             Page 9 of 13
- -----------------------------------------------------------------------------
THE PURPOSE OF THIS AMENDMENT NO. 16 TO SCHEDULE 13D IS TO AMEND CERTAIN
SECTIONS.  THE OWNERSHIP PERCENTAGES OF THE REPORTING PERSONS HAVE BEEN
UPDATED TO REFLECT NUMBER OF OUTSTANDING SHARES OF COMMON STOCK SET FORTH IN
THE ISSUER'S FORM 10-Q FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2007.  THE
INFORMATION BELOW SUPPLEMENTS THE INFORMATION PREVIOUSLY PROVIDED.

Item 3.    Source and Amount of Funds and Other Consideration.

Item 3 is hereby amended by the addition of the following:

       The Issuer, Axio Holdings LLC, a Delaware limited liability company
("Newco"), and Axio Acquisition Corp., a Delaware corporation ("Merger Sub")
and wholly owned subsidiary of Newco entered into an Agreement and Plan of
Merger dated as of May 16, 2007 (the "Merger Agreement") pursuant to which,
subject to the terms and conditions stated therein, Merger Sub was to merge
with and into the Issuer and the Issuer was to continue as the surviving
corporation and a wholly-owned subsidiary of Newco.

       On October 1, 2007, the Issuer, Newco, Merger Sub, ValueAct Capital
Master Fund, L.P., a British Virgin Islands limited partnership, Silver Lake
Partners II, L.P., a Delaware limited partnership, Silver Lake Partners III,
L.P., a Delaware limited partnership, and UBS Loan Finance LLC, UBS
Securities LLC, Morgan Stanley Senior Funding, Inc. and Morgan Stanley & Co.
Incorporated entered into a Mutual Termination Agreement and Release (the
"Termination Agreement") relating to the Merger Agreement, as a result of
which the parties thereto terminated the Merger Agreement.

      The Termination Agreement is filed as Exhibit 10.1 to the Issuer's
Current Report on Form 8-K filed October 1, 2007, and incorporated by
reference in its entirety into this Schedule.

Item 4.     Purpose of Transaction

Item 4 is hereby amended by the addition of the following:

       As discussed in Item 3, above, Issuer, Newco and Merger Sub entered
the Merger Agreement pursuant to which, subject to the terms and conditions
stated therein, Merger Sub was to merge with and into the Issuer and the
Issuer was to continue as the surviving corporation and a wholly-owned
subsidiary of Newco.

      On October 1, 2007, the Issuer, Newco, Merger Sub, ValueAct Capital
Master Fund, L.P., a British Virgin Islands limited partnership, Silver Lake
Partners II, L.P., a Delaware limited partnership, Silver Lake Partners III,
L.P., a Delaware limited partnership, and UBS Loan Finance LLC, UBS
Securities LLC, Morgan Stanley Senior Funding, Inc. and Morgan Stanley & Co.
Incorporated entered into the Termination Agreement relating to the Merger
Agreement, as a result of which the parties thereto terminated the Merger
Agreement.



- --------------------------                          -------------------------
CUSIP NO. 005125109                                             Page 10 of 13
- -----------------------------------------------------------------------------

Item 5.???  Interest in Securities of the Issuer

(a)??? and (b).  Set forth below is the beneficial ownership of shares
of Common Stock of the Issuer for each person named in Item 2.  Shares
reported as beneficially owned by ValueAct Master Fund are also reported as
beneficially owned by (i) VA Partners, as General Partner of each such
investment partnership,(ii) ValueAct Management L.P. as the manager of each
such investment partnership, (iii) ValueAct Management LLC, as General
Partner of ValueAct Management L.P. and (iv) the Managing Members as
controlling persons of VA Partners and ValueAct Management LLC.  VA
Partners, ValueAct Management LLC and the Managing Members also, directly
or indirectly, may own interests in one or more than one of the
partnerships from time to time.  Unless otherwise indicated below, by
reason of such relationships ValueAct Master Fund is reported as having
shared power to vote or to direct the vote, and shared power to dispose or
direct the disposition of, such shares of Common Stock, with VA Partners,
ValueAct Management L.P., ValueAct Management LLC and the Managing Members.??
??
???????As of the date hereof, ValueAct Master Fund is the beneficial
owner of 10,329,711 shares of Common Stock (including 4,356 shares issued for
board compensation), representing approximately 12.8% of the Issuer's
outstanding Common Stock. ?

???????VA Partners,?ValueAct Management L.P., ValueAct Management LLC and the
Managing Members may each be deemed the beneficial owner of an aggregate of
10,329,711 shares of Common Stock (including 4,356 shares issued for board
compensation), representing approximately 12.8% of the Issuer's outstanding
Common Stock. ??
?
????????? All percentages set forth in this Schedule 13D are based upon the
Issuer's reported 80,635,643 outstanding shares of Common Stock as reported
in the Issuer's Form 10-Q for the quarterly period ended June 30, 2007.

(c), (d) and (e)   Not Applicable.

Item 6.     Contracts, Arrangements, Understandings or Relationships with
            Respect to Securities of the Issuer

      The information set forth in Items 3 and?4 of this Schedule 13D are
hereby incorporated by reference.

     Other than as described elsewhere in this Report and as previously
reported, the Reporting Persons have no understandings, arrangements,
relationships or contracts relating to the Issuer's Common Stock which are
required to be described hereunder.


Item 7.         Material to Be Filed as Exhibits

               (1) Joint Filing Agreement



- --------------------------                          -------------------------
CUSIP NO. 005125109                                             Page 11 of 13
- -----------------------------------------------------------------------------

                                  SIGNATURE
         After reasonable inquiry and to the best of his knowledge and
belief, the undersigned certifies that the information set forth in this
statement is true, complete and correct.

                              POWER OF ATTORNEY

KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears
below on this Schedule 13D hereby constitutes and appoints Jeffrey W. Ubben,
George F. Hamel, Jr. and Peter H. Kamin, and each of them, with full power to
act without the other, his or its true and lawful attorney-in-fact and agent,
with full power of substitution and resubstitution, for him or it and in his
or its name, place and stead, in any and all capacities (until revoked in
writing) to sign any and all amendments to this Schedule 13D, and to file the
same, with all exhibits thereto and other documents in connection therewith,
with the Securities and Exchange Commission, granting unto said attorneys-in-
fact and agents, and each of them, full power and authority to do and perform
each and every act and thing requisite and necessary fully to all intents and
purposes as he or it might or could do in person, thereby ratifying and
confirming all that said attorneys-in-fact and agents or any of them, or
their or his substitute or substitutes, may lawfully do or cause to be done
by virtue hereof.

                              ValueAct Capital Master Fund L.P., by
                              VA Partners, LLC, its General Partner

                              By:     /s/  George F. Hamel, Jr.
                                --------------------------------------
Dated:  October 1, 2007          George F. Hamel, Jr., Managing Member


                              VA Partners, LLC

                              By:    /s/  George F. Hamel, Jr.
                                --------------------------------------
Dated:  October 1, 2007          George F. Hamel, Jr., Managing Member

                               ValueAct Capital Management, L.P., by
                               ValueAct Capital Management, LLC its
                               General Partner

                              By:    /s/  George F. Hamel, Jr.
                                --------------------------------------
Dated:  October 1, 2007          George F. Hamel, Jr., Managing Member


                               ValueAct Capital Management, LLC

                              By:    /s/  George F. Hamel, Jr.
                                --------------------------------------
Dated:   October 1, 2007         George F. Hamel, Jr., Managing Member





- --------------------------                          -------------------------
CUSIP NO. 005125109                                             Page 12 of 13
- -----------------------------------------------------------------------------

                              By:    /s/  Jeffrey W. Ubben
                                --------------------------------------
Dated:  October 1, 2007          Jeffrey W. Ubben, Managing Member


                              By:    /s/  George F. Hamel, Jr.
                                --------------------------------------
Dated:  October 1, 2007          George F. Hamel, Jr., Managing Member


                              By:    /s/  Peter H. Kamin
                                --------------------------------------
Dated:  October 1, 2007          Peter H. Kamin, Managing Member



 
- --------------------------                          -------------------------
CUSIP NO. 005125109                                             Page 13 of 13
- -----------------------------------------------------------------------------
                                 Exhibit 1

                           JOINT FILING UNDERTAKING

The undersigned parties hereby agree that the Schedule 13D filed herewith
(and any amendments thereto) relating to the Common Stock of Acxiom
Corporation is being filed jointly on behalf of each of them with
the Securities and Exchange Commission pursuant to Section 13(d) of the
Securities Exchange Act of 1934, as amended.

                              ValueAct Capital Master Fund L.P., by
                              VA Partners, LLC, its General Partner

                              By:     /s/  George F. Hamel, Jr.
                                --------------------------------------
Dated:  October 1, 2007          George F. Hamel, Jr., Managing Member

                              VA Partners, LLC

                              By:    /s/  George F. Hamel, Jr.
                                --------------------------------------
Dated:  October 1, 2007          George F. Hamel, Jr., Managing Member


                               ValueAct Capital Management, L.P.,
                               by, ValueAct Capital Management, LLC
                               its General Partner

                              By:    /s/  George F. Hamel, Jr.
                                --------------------------------------
Dated:  October 1, 2007          George F. Hamel, Jr., Managing Member

                               ValueAct Capital Management, LLC

                              By:    /s/  George F. Hamel, Jr.
                                --------------------------------------
Dated:  October 1, 2007          George F. Hamel, Jr., Managing Member


                              By:    /s/  Jeffrey W. Ubben
                                --------------------------------------
Dated:  October 1, 2007          Jeffrey W. Ubben, Managing Member


                              By:    /s/  George F. Hamel, Jr.

                                --------------------------------------
Dated:  October 1, 2007          George F. Hamel, Jr., Managing Member


                              By:    /s/  Peter H. Kamin
                                --------------------------------------
Dated:  October 1, 2007          Peter H. Kamin, Managing Member
??

??

??

??