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

OMB APPROVAL OMB Number: 3235-0287 Expires: January 31, 2005 Estimated average burden hours per response... 0.5

(Print or Type Responses)

1. Name and Address of Reporting Person * MORGAN CHARLES D   2. Issuer Name and Ticker or Trading Symbol ACXIOM CORP [ACXM] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) President / Company Leader (Last) (First) (Middle) 1 INFORMATION WAY 3. Date of Earliest Transaction (Month/Day/Year) 09/11/2007 (Street) LITTLE ROCK, AR 72202 4. If Amendment, Date 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 (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) Code V Amount (A) or (D) Price Common Stock, $.10 Par Value (1) 09/11/2007   J(1)(2)   108,557 D $ 23.79 2,792,191 (1) (2) D   Common Stock, $.10 Par Value 09/11/2007   J(1)(2)   41,443 A $ 23.79 2,792,191 (1) (2) D   Common Stock, $.10 Par Value               1,628 I by Family Limited Partnership Common Stock, $.10 Par Value               53,927.8879 I by Managed Account 1 Common Stock, $.10 Par Value               9,574.1953 I by Managed Account 2 Common Stock, $.10 Par Value               103,195 I by Spouse

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

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Contract to Sell (Pre-paid Variable Equity Forward)

$ 0 (1) (2)

09/11/2007

09/11/2007

J(1)(2)

150,000

09/11/2007

09/11/2007

Common Stock, $.10 Par Value

150,000

(1) (2)

0

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
MORGAN CHARLES D 1 INFORMATION WAY LITTLE ROCK, AR 72202	X		President / Company Leader

Signatures

By: Catherine L. Hughes, Attorney-in-Fact For: Charles D. Morgan		09/13/2007
**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)	On September 12, 2002, Mr. Morgan entered into a pre-paid variable equity forward contract with an unaffiliated third party buyer. Under the terms of the contract, Mr. Morgan agreed to deliver a number of shares of Acxiom common stock on the expiration date of the contract as follows: (i) if the Final Price is less than the Floor Price of $17.2172/share, then 150,000 shares; (ii) if the Final Price is less than or equal to the Cap Price of $34.6257/share, but greater than or equal to the Floor Price, then a number of shares equal to 150,000 times the Floor Price divided by the Final Price; or (iii) if the Final Price is greater than the Cap Price, then a number of shares equal to 150,000 multiplied by a fraction, the numerator of which is the sum of the Floor Price and the difference between the Final Price and the Cap Price, and the denominator of which is the Final Price. Mr. Morgan also had the option, under the terms of the contract, to direct that the contract be settled in cash.
(2)	The contract expired on September 11, 2007 in accordance with its terms without further direction from Mr. Morgan. On the expiration date, the Final Price was $23.79 (based on the closing price for Acxiom's common stock on September 11, 2007) which was greater than the Floor Price but less than the Cap Price, resulting in Mr. Morgan delivering 108,557 shares to the buyer and retaining the remaining 41,443 shares of the original 150,000 shares of Acxiom common stock subject to the contract.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.