SEC Form 4 · accession 0001562180-17-004027
AMERICAN SOFTWARE INC · AMSWA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
J Michael Edenfield
Director
Period of report
Dec 22, 2017
Accepted (ET)
Dec 26, 2017 · 2:36 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 22, 2017 | M | 45,461 | $8.97 | A | 461,214 | D | |
| Common Stock | Dec 22, 2017 | S | 45,461 | $11.91 | 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 OptionF3 | $8.97 | Dec 22, 2017 | M | 45,461 | D | — | Jul 11, 2019 | Common Stock | 45,461 | 26,579 | D |
Explanation of responses
- F1On December 22, 2017, the Reporting Person converted 45461 options into an equal number of shares of Class A Common Stock.
- F2On December 22, 2017, the Reporting Person sold 45,461 shares of Class A Common stock.
- F3Vests 24,000 share(s) on 11-Jul-2014, 24,000 share(s) on 11-Jul-2015, 24,000 share(s) on 11-Jul-2016, 24,000 share(s) on 11-Jul-2017, 24,000 share(s) on 11-Jul-2018