SEC Form 4 · accession 0001562180-16-003707
AMERICAN SOFTWARE INC · AMSWA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Vincent C Klinges
Officer — CFO
Period of report
Dec 7, 2016
Accepted (ET)
Dec 9, 2016 · 1:58 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 | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Dec 7, 2016 | M | 18,678 | $8.12 | A | 114,910 | D | |
| Common StockF2,F3 | Dec 7, 2016 | S | 18,678 | $10.4343 | D | 96,232 | D | |
| Common Stock | Dec 8, 2016 | M | 11,322 | $8.12 | A | 107,554 | D | |
| Common StockF3,F5 | Dec 8, 2016 | S | 11,322 | $10.6016 | D | 96,232 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF6 | $8.12 | Dec 7, 2016 | M | 18,678 | D | — | Jun 29, 2017 | Common Stock | 18,678 | 31,322 | D |
| Stock OptionF6 | $8.12 | Dec 8, 2016 | M | 11,322 | D | — | Jun 29, 2017 | Common Stock | 11,322 | 20,000 | D |
Explanation of responses
- F1On December 7, 2016, the Reporting Person converted 18,678 options into an equal number of shares of Class A Common Stock.
- F2Represents the weighted average sales price for price increments ranging from $10.43 to $10.455.
- F3The Reporting Person undertakes to provide, upon request by the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price for all transactions reported on this Form 4.
- F4On December 8, 2016, the Reporting Person converted 11,322 options into an equal number of shares of Class A Common Stock.
- F5Represents the weighted average sales price for price increments ranging from $10.43 to $10.78.
- F6Vests 10,000 share(s) on 29-Jun-2012, 10,000 share(s) on 29-Jun-2013, 10,000 share(s) on 29-Jun-2014, 10,000 share(s) on 29-Jun-2015, 10,000 share(s) on 29-Jun-2016