AGILYSYS INC — Director's Dealing 2004

Dec 1, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AGILYSYS INC (AGYS)
CIK: 0000078749
Period of Report: 2004-11-29

Reporting Person: SAGE JAMES L (Exec. VP and CIO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-11-29	Common stock	M	80000	$13.01	Acquired	128800	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-11-29	Options to purchase common stock	$13.01	M	80000	Disposed	2011-04-26	Common stock (80000)	Direct

Footnotes

F1: Options were exercised as follows: 40,000 @ $13.01; 40,000 @ $13.75

F2: Options became exercisable as follows: 13,300 on 4/26/01; 13,300 on 4/26/02; 13,400 on 4/26/03; 13,400 on 4/1/02; 13,300 on 4/1/03 and 13,400 on 4/1/04.