SEC Form 4 · accession 0001562180-17-001363
AMERICAN SOFTWARE INC · AMSWA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
J Michael Edenfield
Director
Period of report
Mar 29, 2017
Accepted (ET)
Mar 31, 2017 · 2:58 pm EDT
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 | Mar 29, 2017 | M | 35,000 | $8.12 | A | 450,753 | D | |
| Common StockF2,F3 | Mar 29, 2017 | S | 35,000 | $10.1365 | D | 415,753 | D | |
| Common Stock | Mar 30, 2017 | M | 16,795 | $8.12 | A | 432,548 | D | |
| Common StockF3,F5 | Mar 30, 2017 | S | 16,795 | $10.5668 | D | 415,753 | 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 | Mar 29, 2017 | M | 35,000 | D | — | Jun 29, 2017 | Common Stock | 35,000 | 16,795 | D |
| Stock OptionF6 | $8.12 | Mar 30, 2017 | M | 16,795 | D | — | Jun 29, 2017 | Common Stock | 16,795 | 0 | D |
Explanation of responses
- F1On March 29, 2017, the Reporting Person converted 35,000 options into an equal number of shares of Class A Common Stock.
- F2Represents the weighted average sales price for price increments ranging from $10.10 to $10.19.
- 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 March 30, 2017, the Reporting Person converted 16,795 options into an equal number of shares of Class A Common Stock.
- F5Represents the weighted average sales price for price increments ranging from $10.20 to $10.76.
- F6Vests 24,000 share(s) on 29-Jun-2012, 24,000 share(s) on 29-Jun-2013, 24,000 share(s) on 29-Jun-2014, 24,000 share(s) on 29-Jun-2015, 24,000 share(s) on 29-Jun-2016