SEC Form 4 · accession 0001562180-16-003895

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 21, 2016

Accepted (ET)

Dec 28, 2016 · 4:38 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
Common Stock^F2	Dec 21, 2016	M	1,410	$8.57	A	61,410	D
Common Stock^F3,F4,F2	Dec 21, 2016	S	1,410	$10.8435	D	60,000	D
Common Stock^F2	Dec 22, 2016	M	2,052	$8.57	A	62,052	D
Common Stock^F4,F6,F2	Dec 22, 2016	S	2,052	$10.6512	D	60,000	D
Common Stock^F2	Dec 23, 2016	M	2,544	$8.57	A	62,544	D
Common Stock^F4,F8,F2	Dec 23, 2016	S	2,544	$10.7261	D	60,000	D
Common Stock^F2	Dec 27, 2016	M	6,487	$8.57	A	66,487	D
Common Stock^F4,F10,F2	Dec 27, 2016	S	6,487	$10.6235	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 Option^F11	$8.57	Dec 21, 2016	M	1,410	D	—	Jul 3, 2018	Common Stock	1,410	46,590	D
Stock Option^F11	$8.57	Dec 22, 2016	M	2,052	D	—	Jul 3, 2018	Common Stock	2,052	44,538	D
Stock Option^F11	$8.57	Dec 23, 2016	M	2,544	D	—	Jul 3, 2018	Common Stock	2,544	41,994	D
Stock Option^F11	$8.57	Dec 27, 2016	M	6,487	D	—	Jul 3, 2018	Common Stock	6,487	35,507	D

Explanation of responses

F1On December 21, 2016, the Reporting Person converted 1,410 options into an equal number of shares of Class A Common Stock.
F10Represents the weighted average sales price for price increments ranging from $10.60 to $10.71.
F11Vests 12,000 share(s) on 03-Jul-2013, 12,000 share(s) on 03-Jul-2014, 12,000 share(s) on 03-Jul-2015, 12,000 share(s) on 03-Jul-2016, 12,000 share(s) on 03-Jul-2017
F12On December 27, 2016, the Reporting Person converted 6,487 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 weighted average sales price for price increments ranging from $10.84 to $10.865.
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 22, 2016, the Reporting Person converted 2,052 options into an equal number of shares of Class A Common Stock.
F6Represents the weighted average sales price for price increments ranging from $10.65 to $10.665.
F7On December 23, 2016, the Reporting Person converted 2,544 options into an equal number of shares of Class A Common Stock.
F8Represents the weighted average sales price for price increments ranging from $10.69 to $10.76.
F9On December 27, 2016, the Reporting Person converted 6,487 options into an equal number of shares of Class A Common Stock.