SEC Form 4 · accession 0001209191-15-086513
AMERICAN SOFTWARE INC · AMSWA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
J Michael Edenfield
Officer — President & CEO
Period of report
Dec 18, 2015
Accepted (ET)
Dec 22, 2015 · 11:13 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000713425
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | Dec 18, 2015 | C | 10,000 | $4.66 | A | 425,753 | D | |
| Class A Common StockF2,F3 | Dec 18, 2015 | S | 10,000 | $10.4568 | D | 415,753 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Options to Acquire Class A Common Stock | $4.66 | Dec 18, 2015 | C | 10,000 | D | Jul 12, 2011 | Jul 12, 2016 | Class A Common Stock | 10,000 | 25,200 | D |
Explanation of responses
- F1On December 18, 2015, the Reporting Person converted 10,000 options into an equal number of shares of Class A Common Stock.
- F2Represents the weighted average sales price for price increments ranging from $10.40 to $10.57.
- F3The Reporting Person undertakes to provide, upon request by the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price for all transactions reported on this Form 4.