H. Allan Dow - 24 Mar 2023 Form 4 Insider Report for AMERICAN SOFTWARE INC

Role
President
Signature
Harold A Dow
Issuer symbol
N/A
Transactions as of
24 Mar 2023
Net transactions value
-$56,595
Form type
4
Filing time
27 Mar 2023, 09:54:10 UTC
Previous filing
24 Mar 2023
Next filing
28 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AMSWA Common Stock Options Exercise $570,166 +51,459 +53% $11.08 148,574 24 Mar 2023 Direct F1
transaction AMSWA Common Stock Sale $626,760 -51,459 -35% $12.18 97,115 24 Mar 2023 Direct F2

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 -51,459 -27% $0.000000 140,197 24 Mar 2023 Common Stock 51,459 $11.08 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 24, 2023, the Reporting Person converted 51,459 options into an equal number of shares of Class A Common Stock.
F2 On March 24, 2023, the Reporting Person sold 51,459 shares of Class A Common stock.
F3 Employees: 5 year vesting, 20 percent per year and expires in 6th year beginning on 07-Jun-2017