Ownership Submission
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
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Luxor Capital Group, LP
  2. Issuer Name and Ticker or Trading Symbol
EBIX INC [EBIX]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
767 FIFTH AVENUE, 19TH FLOOR
3. Date of Earliest Transaction (Month/Day/Year)
12/17/2008
(Street)

NEW YORK, NY 10153
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ 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 12/17/2008   S   7,011 D $ 23.7318 345,690 D (1) (3) (4) (5)  
Common Stock 12/18/2008   S   3,451 D $ 23.6081 342,239 D (1) (3) (4) (5)  
Common Stock 12/17/2008   S   12,216 D $ 23.7318 609,366 D (2) (3) (4) (5)  
Common Stock 12/17/2008   S   100 D $ 23.705 609,266 D (2) (3) (4) (5)  
Common Stock 12/17/2008   S   500 D $ 23.644 608,766 D (2) (3) (4) (5)  
Common Stock 12/18/2008   S   1,828 D $ 23.6081 606,938 D (2) (3) (4) (5)  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Luxor Capital Group, LP
767 FIFTH AVENUE
19TH FLOOR
NEW YORK, NY 10153
    X    
LUXOR CAPITAL PARTNERS OFFSHORE LTD
C/O M&C CORPORATE SVCS LTD
PO BOX 309 GT UGLAND HOUSE
GEORGE TOWN, E9 00000
    X    
Luxor Capital Partners, LP
767 FIFTH AVENUE, 19TH FLOOR
NEW YORK, NY 10153
    X    
LCG SELECT OFFSHORE LTD
PO BOX 309GT UGLAND HOUSE SOUTH CHURCH S
GEORGE TOWN
GRAND CAYAMAN CAYMAN ISLANDS, E9 00000
    X    
LCG SELECT LLC
767 FIFTH AVENUE
19TH FLOOR
NEW YORK, NY 10153
    X    

Signatures

 Norris Nissim, as General Counsel of Luxor Management, LLC, General Partner of Luxor Capital Group, LP   12/19/2008
**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) Reflects the securities of the issuer owned directly by Luxor Capital Partners, LP (the "Onshore Fund").
(2) Reflects the securities of the issuer owned directly by Luxor Capital Partners Offshore, Ltd. (the "Offshore Fund").
(3) Luxor Capital Group, LP ("Luxor Capital Group") acts as the investment manager of the Onshore Fund, the Offshore Fund, LCG Select, LLC (the "Select Onshore Fund"), LCG Select Offshore, Ltd. (the "Select Offshore Fund" and collectively, the "Luxor Funds") and other accounts that it separately manages (the "Separately Managed Accounts"). Luxor Management, LLC ("Luxor Management") is the general partner of Luxor Capital Group. Mr. Leone is the managing member of Luxor Management. LCG Holdings, LLC ("LCG Holdings") is the general partner of the Onshore Fund and the managing member of the Select Onshore Fund. Mr. Leone is the managing member of LCG Holdings.
(4) The Select Onshore Fund directly owns 42,180 shares of common stock. The Select Offshore Fund directly owns 204,615 shares of common stock. The Separately Managed Accounts hold 53,205 shares of common stock.
(5) Luxor Capital Group, Luxor Management and Mr. Leone may each be deemed to indirectly beneficially own the shares of common stock held by the Luxor Funds and the Separately Managed Accounts. LCG Holdings may be deemed to indirectly beneficially own the shares of common stock held by the Onshore Fund and the Select Onshore Fund. For purposes of this Form 4, Luxor Capital Group, Luxor Management, LCG Holdings and Mr. Leone each disclaims ownership of the shares of common stock owned by the Luxor Funds and the Separately Managed Accounts, except to the extent of their pecuniary interest therein.

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