SEC Form 4 · accession 0000950138-17-000501
AGILYSYS INC · AGYS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ramesh Srinivasan
Officer — President & CEO · Director
Period of report
Jun 14, 2017
Accepted (ET)
Jun 16, 2017 · 6:55 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 | — | Jun 14, 2017 | A | 91,463 | A | — | Mar 31, 2018 | Common Stock | 91,463 | 91,463 | D |
Explanation of responses
- F1Each performance right represents a contingent right to receive one share of AGYS common stock. The performance rights vest upon certain performance goals being met for the fiscal year ending March 31, 2018. Upon a "Change in Control" (as defined in the 2016 Stock Incentive Plan), up to a maximum stock value of $900,000 would automatically be deemed earned, regardless of achievement of the performance goal, and would automatically vest.