AGILYSYS INC — Director's Dealing 2004

Jul 30, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AGILYSYS INC (AGYS)
CIK: 0000078749
Period of Report: 2004-07-28

Reporting Person: ELLIS MARTIN F (Exec. VP, Corp. Dev. and IR)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-07-28	Options to purchase common stock	$13.76	G	37000	Acquired	2014-07-27	Common shares (37000)	Direct

Footnotes

F1: Granted pursuant to 2000 Stock Incentive Plan.

F2: Includes Nonqualified Option (22,466 shares) and ISO (14,534 shares).

F3: Option vests in three equal annual installments, with first installment vesting on 4/1/05.