SEC Form 4 · accession 0001562180-16-003859
AMERICAN SOFTWARE INC · AMSWA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James C Edenfield
Officer — Executive Chairman
Period of report
Dec 16, 2016
Accepted (ET)
Dec 20, 2016 · 4:32 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 StockF2 | Dec 16, 2016 | M | 8,700 | $8.12 | A | 68,700 | D | |
| Common StockF3,F4,F2 | Dec 16, 2016 | S | 8,700 | $10.7942 | D | 60,000 | D | |
| Common StockF2 | Dec 19, 2016 | M | 15,000 | $8.12 | A | 75,000 | D | |
| Common StockF4,F6,F2 | Dec 19, 2016 | S | 15,000 | $10.8537 | D | 60,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF7 | $8.12 | Dec 16, 2016 | M | 8,700 | D | — | Jun 29, 2017 | Common Stock | 8,700 | 29,934 | D |
| Stock OptionF7 | $8.12 | Dec 19, 2016 | M | 15,000 | D | — | Jun 29, 2017 | Common Stock | 15,000 | 14,934 | D |
Explanation of responses
- F1On December 16, 2016, the Reporting Person converted 8,700 options into an equal number of shares of Class A Common Stock.
- F260,000 shares of Class A Common Stock held by James C. and Norma T. Edenfield Foundation.
- F3Represents the weight average sales price for price increments ranging from $10.79 to $10.83.
- F4The 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.
- F5On December 19, 2016, the Reporting Person converted 15,000 options into an equal number of shares of Class A Common Stock.
- F6Represents the weighted average sales price for price increments ranging from $10.74 to $10.98.
- F7Vests 12,000 share(s) on 29-Jun-2012, 12,000 share(s) on 29-Jun-2013, 12,000 share(s) on 29-Jun-2014, 12,000 share(s) on 29-Jun-2015, 12,000 share(s) on 29-Jun-2016