Lizanne Thomas - 01 May 2024 Form 4 Insider Report for AMERICAN SOFTWARE INC

Role
Director
Signature
Lizanne Thomas
Issuer symbol
N/A
Transactions as of
01 May 2024
Net transactions value
$0
Form type
4
Filing time
02 May 2024, 13:32:56 UTC
Previous filing
05 Apr 2024
Next filing
03 Jul 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 Uniit Award $0 +11,941 $0.000000 11,941 01 May 2024 Common Stock 11,941 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 the the Vesting Date.