H. Allan Dow - May 26, 2021 Form 4 Insider Report for AMERICAN SOFTWARE INC (AMSWA)

Role
President
Signature
Harold A Dow
Stock symbol
AMSWA
Transactions as of
May 26, 2021
Transactions value $
$170,800
Form type
4
Date filed
5/27/2021, 10:14 AM
Next filing
Jun 21, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AMSWA Common Stock Options Exercise $171K +20K +32.62% $8.54 81.3K May 26, 2021 Direct F1

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 AMSWA Stock Option Options Exercise $0 -20K -16.67% $0.00 100K May 26, 2021 Common Stock 20K $8.54 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On May 26, 2021, the Reporting Person converted 20,000 options into an equal number of shares of Class A Common Stock.
F2 Vests 24,000 share(s) on 26-Aug-2016, 24,000 share(s) on 26-Aug-2017, 24,000 share(s) on 26-Aug-2018, 24,000 share(s) on 26-Aug-2019, 24,000 share(s) on 26-Aug-2020

Remarks:

Options being exercised are to expire in August 2021.