SEC Form 4 · accession 0001209191-15-086795

AMERICAN SOFTWARE INC · AMSWA

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — President & CEO

Period of report

Dec 21, 2015

Accepted (ET)

Dec 23, 2015 · 12:54 pm 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
Class A Common Stock	Dec 21, 2015	C	3,600	$4.66	A	419,353	D
Class A Common Stock^F2,F3	Dec 21, 2015	S	3,600	$10.6228	D	415,753	D
Class A Common Stock	Dec 22, 2015	C	21,600	$4.66	A	437,353	D
Class A Common Stock^F3,F5	Dec 22, 2015	S	21,600	$10.4499	D	415,753	D

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 21, 2015	C	3,600	D	Jul 12, 2011	Jul 12, 2016	Class A Common Stock	3,600	21,600	D
Options to Acquire Class A Common Stock	$4.66	Dec 22, 2015	C	21,600	D	Jul 12, 2011	Jul 12, 2016	Class A Common Stock	21,600	0	D

F1On December 21, 2015, the Reporting Person converted 3,600 options into an equal number of shares of Class A Common Stock.
F2Represents the weighted average sales price for price increments ranging from $10.60 to $10.64.
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.
F4On December 22, 2015, the Reporting Person converted 21,600 options into an equal number of shares of Class A Common Stock.
F5Represents the weighted average sales price for price increments ranging from $10.41 to $10.50.