AGILYSYS INC — Director's Dealing 2003

Apr 2, 2003

4 1 i2501.htm FORM 4 SUBMISSION

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549

FORM 4

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

o Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

| 1. | 2. | Issuer Name and Ticker or Trading Symbol | | | | I.R.S. Identification Number of
Reporting Person, if an entity (Voluntary) | |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Rhein, Arthur | | Pioneer-Standard Electronics, Inc. (PIOS) | | | | | |
| 40 Stonehill Lane | 4. | Statement for Month/Day/Year | | | 5. | If Amendment, Date of Original (Month/Day/Year) | |
| | | 03/31/2003 | | | | | |
| (Street) | 6. | Relationship of Reporting Person(s) to Issuer (Check All Applicable) | | | 7. | Individual or Joint/Group Filing (Check Applicable Line) | |
| Moreland Hills, OH 44022 (City) (State) (Zip) | | x | Director | o | 10% Owner | x | Form filed by One Reporting Person |
| | | x | Officer (give title below) | | | o | Form filed by More than One Reporting Person |
| | | o | Other (specify below) | | | | |
| | | | President and CEO | | | | |

| Reminder: | Report on a separate line for each class of securities
beneficially owned directly or indirectly. |
| --- | --- |
| * | If the form is filed by more than one reporting person, see instruction 4(b)(v). |

Title of Security (Instr. 3)	Transaction Date (Month/Day/Year)	Transaction Code (Instr. 8)	4.	Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		5.	Amount of Securities Beneficially Owned Following Reported Transactions(s) (Instr. 3 and 4)	Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	Nature of Indirect Beneficial Ownership (Instr. 4)
		Code	V	Amount	(A) or (D)	Price
Common Shares without par value	03/31/2003	M		41,400	A	$6.111	393,125	D
Common Shares without par value							110	I	In 401(K)

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Title of Derivative Security (Instr. 3)	Conversion or Exercise Price of Derivative Security	Transaction Date (Month/Day/Year)	Transaction Code (Instr. 8)	5.	Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
			Code	V	(A)	(D)
Options to Purchase Common Stock	$6.111	03/31/2003	M			41,400

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Date Exercisable and Expiration Date (Month/Day/Year)	7.	Title and Amount of Underlying Securities (Instr. 3 and 4)	8.	Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
Date Exercisable	Expiration Date	Title	Amount or Number of Shares
04/27/00	04/27/03	Common Shares	41,400	645,400	D

Explanation of Responses:

/s/ Kathryn K. Vanderwist	4/2/2003
**Signature of Reporting Person	Date

| ** | Intentional misstatements or omissions of facts constitute
Federal Criminal Violations. See 18 U.S.C. 1001 and
15 U.S.C. 78ff(a). |
| --- | --- |
| Note: | File three copies of this Form, one of which must be manually
signed. If space is insufficient, see Instruction 6 for procedure. |

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