Thomas L. Newberry V. - May 1, 2023 Form 4 Insider Report for AMERICAN SOFTWARE INC (AMSWA)

Role
Director
Signature
Thomas L. Newberry, V
Stock symbol
AMSWA
Transactions as of
May 1, 2023
Transactions value $
$0
Form type
4
Date filed
5/3/2023, 12:06 PM
Previous filing
May 2, 2023
Next filing
May 3, 2024

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 Restricted Stock Unit Award $0 +9.74K $0.00 9.74K May 1, 2023 Common Stock 9.74K $0.00 Direct F1, F2
* 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 AMSWA common stock
F2 The restricted stock units vest in full on the first anniversary of the Grant Date (the "Vesting Date"), subject to Award Recipient's continued service as a Director of Company on the Vesting Date. For avoidance of doubt, there shall be no proportionate or partial vesting of the RSU's prior to the Vesting Date.