SEC Form 4 · accession 0001562180-17-002339
AMERICAN SOFTWARE INC · AMSWA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
J Michael Edenfield
Director
Period of report
Jun 27, 2017
Accepted (ET)
Jun 29, 2017 · 3:35 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 | Jun 27, 2017 | M | 42,580 | $8.57 | A | 458,333 | D | |
| Common StockF2 | Jun 27, 2017 | S | 42,580 | $10.54 | 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 OptionF4 | $8.57 | Jun 27, 2017 | M | 42,580 | D | — | Jul 3, 2018 | Common Stock | 42,580 | 53,420 | D |
Explanation of responses
- F1On June 27, 2017, the Reporting Person converted 42,580 options into an equal number of shares of Class A Common Stock.
- F2The 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.
- F3On June 27, 2017 , the Reporting Person converted 42,580 options into an equal number of shares of Class A Common Stock.
- F4Vests 24,000 share(s) on 03-Jul-2013, 24,000 share(s) on 03-Jul-2014, 24,000 share(s) on 03-Jul-2015, 24,000 share(s) on 03-Jul-2016, 24,000 share(s) on 03-Jul-2017