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: RHEIN ARTHUR (Director, Chairman, President and CEO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-07-28	Option to Purchase Common Stock	$13.76	G	222500	Acquired	2014-07-28	Common Stock (222500)	Direct

Footnotes

F1: Granted pursuant to 2000 Stock Incentive Plan.

F2: Options vest in three equal annual installments, with first installment vesting on 4/1/05.