SEC Form 4 · accession 0001562180-18-001550
AMERICAN SOFTWARE INC · AMSWA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James R McGuone
Officer — Secretary
Period of report
Mar 7, 2018
Accepted (ET)
Mar 8, 2018 · 2:42 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 | Mar 7, 2018 | M | 4,800 | $10.01 | A | 4,800 | D | |
| Common Stock | Mar 7, 2018 | S | 4,800 | $13.1812 | D | 0 | D | |
| Common Stock | Mar 7, 2018 | M | 2,477 | $9.67 | A | 2,477 | D | |
| Common Stock | Mar 7, 2018 | S | 2,477 | $13.1812 | D | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF5 | $10.01 | Mar 7, 2018 | M | 4,800 | D | Jun 20, 2017 | Jun 20, 2022 | Common Stock | 4,800 | 0 | D |
| Stock Option | $9.67 | Mar 7, 2018 | M | 2,477 | D | Jul 14, 2015 | Jul 14, 2020 | Common Stock | 2,477 | 0 | D |
Explanation of responses
- F1On March 7, 2018, the Reporting Person converted 4,800 options into an equal number of shares of Class A Common Stock.
- F2On March 7, 2018, the Reporting Person sold 4,800 shares of Class A Common stock.
- F3On March 7, 2018, the Reporting Person converted 2,477 options into an equal number of shares of Class A Common Stock.
- F4On March 7, 2018, the Reporting Person sold 2,477 shares of Class A Common stock.
- F5Employees: 5 year vesting, 20 percent per year and expires in 6th year beginning on 20-Jun-2016