RAMESH SRINIVASAN - 10 Mar 2023 Form 4 Insider Report for AGILYSYS INC (AGYS)

Role
President & CEO, Director
Signature
/s/ Kyle C. Badger, Attorney-in-Fact
Issuer symbol
AGYS
Transactions as of
10 Mar 2023
Net transactions value
$0
Form type
4
Filing time
14 Mar 2023, 17:13:17 UTC
Previous filing
26 May 2022
Next filing
26 May 2023
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AGYS Restricted Stock Units Award $0 +33,928 $0.000000 33,928 10 Mar 2023 Common Stock 33,928 Direct F1, F2
transaction AGYS Restricted Stock Units Award $0 +21,035 $0.000000 21,035 10 Mar 2023 Common Stock 21,035 Direct F1, F3
transaction AGYS Restricted Stock Units Award $0 +12,893 $0.000000 12,893 10 Mar 2023 Common Stock 12,893 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of common stock of Agilysys, Inc.
F2 The restricted stock units will vest in three equal annual installments beginning March 10, 2024.
F3 The restricted stock units will vest if both the closing price of a share of common stock of Agilysys, Inc. has been equal to or higher than $100 per share for 20 consecutive trading days following the grant date and Mr. Srinivasan continues to be employed with the Company through the third anniversary of the grant date.
F4 The restricted stock units will vest if both the closing price of a share of common stock of Agilysys, Inc. has been equal to or higher than $115 per share for 20 consecutive trading days following the grant date and Mr. Srinivasan continues to be employed with the Company through the third anniversary of the grant date.