SEC Form 4 · accession 0001562180-16-003736
AMERICAN SOFTWARE INC · AMSWA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James R McGuone
Officer — Secretary
Period of report
Dec 8, 2016
Accepted (ET)
Dec 12, 2016 · 1:49 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 8, 2016 | M | 4,477 | $8.12 | A | 4,477 | D | |
| Common StockF2,F3 | Dec 8, 2016 | S | 4,477 | $10.6559 | D | 0 | D | |
| Common Stock | Dec 9, 2016 | M | 16,000 | $8.57 | A | 16,000 | D | |
| Common StockF3,F5 | Dec 9, 2016 | S | 16,000 | $10.8767 | D | 0 | 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 8, 2016 | M | 4,477 | D | — | Jun 29, 2017 | Common Stock | 4,477 | 0 | D |
| Stock OptionF7 | $8.57 | Dec 9, 2016 | M | 16,000 | D | — | Jul 3, 2018 | Common Stock | 16,000 | 0 | D |
Explanation of responses
- F1On December 8, 2016, the Reporting Person converted 4,477 options into an equal number of shares of Class A Common Stock.
- F2Represents the weighted average sales price for price increments ranging from $10.45 to $10.82.
- 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 9, 2016, the Reporting Person converted 16,000 options into an equal number of shares of Class A Common Stock.
- F5Represents the weighted average sales price for price increments ranging from $10.75 to $11.00.
- F6Vests 4,000 share(s) on 29-Jun-2012, 4,000 share(s) on 29-Jun-2013, 4,000 share(s) on 29-Jun-2014, 4,000 share(s) on 29-Jun-2015, 4,000 share(s) on 29-Jun-2016
- F7Vests 4,000 share(s) on 03-Jul-2013, 4,000 share(s) on 03-Jul-2014, 4,000 share(s) on 03-Jul-2015, 4,000 share(s) on 03-Jul-2016, 4,000 share(s) on 03-Jul-2017