Kight, CEO, former chairman and founder of e-commerce pioneer CheckFree Corp., acquired by Fiserv Inc. for $4.4 billion on Dec. 4, is receiving an estimated $225.2 million in cash from the transaction, according to filings with the Securities and Exchange Commission. That figure includes nearly 4.3 million shares at $48 a share of disposed CheckFree stock as well as cash option payments ranging from $297,000 to $6.4 million.

And in return for disposing of 91,319 shares of CheckFree restricted stock, Kight gets 85,678 shares of Fiserv (Nasdaq: FISV), which closed on Dec. 10 at $54.98 a share.

Kight will become vice chairman of Wisconsin-based Fiserv, a leading processor of financial data. In addition, the technology veteran will lead new product development and strategic integration.

Kight's top executives and directors will also receive some nice goodies.

Vice Chairman Mark Johnson is getting $48.9 million, including 943,371 shares of disposed CheckFree stock and $3.7 million worth of cash option payments. Johnson, also a director, joined CheckFree in 1982.

Chief Operating Officer Stephen Olsen, the No. 3 in command, is receiving an estimated $2.6 million in cash, including 31,050 shares of disposed CheckFree stock and $1.2 million in cash option payments.

Other top payouts will go to Chief Financial Officer David Mangum, vice presidents Jardon Bouska, Leigh Asher, Michael Gianoni and Laura Binion, and director William Boardman.

CheckFree provides the technology that makes e-commerce and online banking possible. Kight founded the company in 1981 in Ohio in his grandma's basement. The company, which employs 1,000 people in metro Atlanta, moved to Norcross in 1996.