James C. Edenfield - Nov 24, 2021 Form 4 Insider Report for AMERICAN SOFTWARE INC (AMSWA)

Role
Executive Chairman
Signature
James C. Edenfield
Stock symbol
AMSWA
Transactions as of
Nov 24, 2021
Transactions value $
-$467,164
Form type
4
Date filed
11/29/2021, 08:07 AM
Previous filing
Nov 24, 2021
Next filing
Jun 14, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AMSWA Common Stock Options Exercise $224K +16.4K +27.33% $13.68 76.4K Nov 24, 2021 Direct F1
transaction AMSWA Common Stock Options Exercise $262K +18K +23.56% $14.55 94.4K Nov 24, 2021 Direct F2
transaction AMSWA Common Stock Options Exercise $280K +18K +19.07% $15.56 112K Nov 24, 2021 Direct F2
transaction AMSWA Common Stock Sale -$386K -16.4K -14.59% $23.54 96K Nov 24, 2021 Direct F3
transaction AMSWA Common Stock Sale -$424K -18K -18.75% $23.54 78K Nov 24, 2021 Direct F4
transaction AMSWA Common Stock Sale -$424K -18K -23.08% $23.54 60K Nov 24, 2021 Direct F4

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 -18K -100% $0.00* 0 Nov 24, 2021 Common Stock 18K $15.56 Direct F2, F5
transaction AMSWA Stock Option Options Exercise $0 -18K -100% $0.00* 0 Nov 24, 2021 Common Stock 18K $14.55 Direct F2, F6
transaction AMSWA Stock Option Options Exercise $0 -16.4K -100% $0.00* 0 Nov 24, 2021 Common Stock 16.4K $13.68 Direct F1, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On November 24, 2021, the Reporting Person converted 16,400 options into an equal number of shares of Class A Common Stock.
F2 On November 24, 2021, the Reporting Person converted 18,000 options into an equal number of shares of Class A Common Stock.
F3 On November 24, 2021, the Reporting Person sold 16,400 shares of Class A Common stock.
F4 On November 24, 2021, the Reporting Person sold 18,000 shares of Class A Common stock.
F5 Employees: 5 year vesting, 20 percent per year and expires in 6th year beginning on 24-Jun-2020
F6 Employees: 5 year vesting, 20 percent per year and expires in 6th year beginning on 21-Aug-2019
F7 Employees: 5 year vesting, 20 percent per year and expires in 6th year beginning on 15-Jun-2018