SEC Form 4 · accession 0000950138-16-001350
AGILYSYS INC · AGYS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jim Dennedy
Officer — President and CEO
Period of report
Sep 15, 2016
Accepted (ET)
Sep 19, 2016 · 9:41 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000078749
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance RightsF1,F2 | — | Sep 15, 2016 | A | 47,499 | A | — | Apr 1, 2018 | Common Stock | 47,499 | 47,499 | D |
Explanation of responses
- F1Each performance right represents a contingent right to receive one share of AGYS common stock. The performance rights vest upon AGYS's common stock achieving a closing stock price on NASDAQ greater than or equal to $17.00 per share for a period of at least thirty consecutive days at any time after March 31, 2016 and before April 1, 2018.
- F2Restricted shares granted under the Agilysys, Inc. 2016 Stock Incentive Plan. The shares vest on the later of one year from the date of grant or the date that the performance goal is achieved. Upon a "Change in Control" (as defined in the 2016 Stock Incentive Plan), the restricted shares would automatically be deemed earned, regardless of achievement of the performance goal, and would automatically vest.