Status Change for Old Records

Status Change for Old Records

Hay ,
Have Form (DAP) with fields:-
PA_Name (Lookup Field from Different Form)
Status  (Drop-down with values Current , Arc)
Other Fields

On Success of this Form i need:- 
if PA_Name is already existed in old records than status is equal to current in Current Record.
and Status changed to Arc for all the old records which have same PA_NAME Value.

How can i achieve this ? Thank u in Advance.