FORM 5 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). Form 3 Holdings Reported Form 4 Transactions Reported

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ANNUAL 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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1. Name and Address of Reporting Person * LANE ALBERT 2. Issuer Name and Ticker or Trading Symbol PAR TECHNOLOGY CORP [ptc] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) President, PGSC and RRC (Last) (First) (Middle) 8383 SENECA TURNPIKE 3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year) 12/31/2006 (Street) NEW HARTFORD, NY 13413 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Reporting (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 at end of Issuer's Fiscal Year (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Amount (A) or (D) Price Common Stock 12/08/2003   G5 2,500 (1) D $ (2) 44,600 D   Common Stock 03/31/2004   G5 2,000 (1) D $ (2) 59,600 D   Common Stock 08/17/2005   G5 1,000 (3) A $ (2) 22,255 D   Common Stock 08/30/2006   S5 4,900 (4) D $ 8.5 25,994 D   Common Stock 08/30/2006   S5 3,000 (4) D $ 8.8 25,994 D   Common Stock 08/30/2006   S5 2,455 (4) D $ 9.16 25,994 D   Common Stock 08/30/2006   S5 2,200 (4) D $ 8.15 25,994 D   Common Stock 08/30/2006   S5 100 (4) D $ 8.55 25,994 D   Common Stock 12/31/2006   O(5) 0 (6) A $ 0 (5) 1,500 I By Spouse

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SEC 2270 (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 at End of Issuer's Fiscal Year (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
LANE ALBERT 8383 SENECA TURNPIKE NEW HARTFORD, NY 13413	Â	Â	  President, PGSC and RRC	Â

Signatures

Ronald J. Casciano for Albert Lane		03/12/2007
**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)	Gift was not previously reported.
(2)	No price is required in this field as it is a gift.
(3)	Receipt of gift was not previously reported.
(4)	Transaction was not reported.
(5)	Reporting amount of Indirect Beneficial Ownership as of December 31, 2006.
(6)	No entry required.

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