H. Allan Dow - 30 Mar 2023 Form 4 Insider Report for AMERICAN SOFTWARE INC

Role
President
Signature
Harold A Dow
Issuer symbol
N/A
Transactions as of
30 Mar 2023
Net transactions value
-$52,859
Form type
4
Filing time
31 Mar 2023, 10:42:03 UTC
Previous filing
30 Mar 2023
Next filing
03 Apr 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 $166,200 +15,000 +15% $11.08 112,115 30 Mar 2023 Direct F1
transaction AMSWA Common Stock Options Exercise $471,919 +42,592 +38% $11.08 154,707 30 Mar 2023 Direct F2
transaction AMSWA Common Stock Sale $179,751 -15,000 -9.7% $11.98 139,707 30 Mar 2023 Direct F3
transaction AMSWA Common Stock Sale $511,228 -42,592 -30% $12.00 97,115 30 Mar 2023 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 -42,592 -40% $0.000000 64,367 30 Mar 2023 Common Stock 42,592 $11.08 Direct F2, F5
transaction AMSWA Stock Option Options Exercise $0 -15,000 -23% $0.000000 49,367 30 Mar 2023 Common Stock 15,000 $11.08 Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 30, 2023, the Reporting Person converted 15,000 options into an equal number of shares of Class A Common Stock.
F2 On March 30, 2023, the Reporting Person converted 42,592 options into an equal number of shares of Class A Common Stock.
F3 On March 30, 2023, the Reporting Person sold 15,000 shares of Class A Common stock.
F4 On March 30, 2023, the Reporting Person sold 42,592 shares of Class A Common stock.
F5 Employees: 5 year vesting, 20 percent per year and expires in 6th year beginning on 07-Jun-2017