AGILYSYS INC — Director's Dealing 2005

Dec 8, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AGILYSYS INC (AGYS)
CIK: 0000078749
Period of Report: 2005-12-06

Reporting Person: LAUER ROBERT A (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-12-06	Phantom Stock	$	M	11390	Disposed		Common stock (11390)	Direct

Footnotes

F1: The reporting person elected to receive his director fees in the form of stock equivalents. These phantom stock units were held in the reporting person's account under the Agilysys, Inc. Deferred Compensation Plan for Directors, as amended.

F2: One for one.

F3: Effective 12/6/05, reporting person elected to receive a cash distribution of the funds in his Deferred Compensation Stock Allotment Account, in accordance with the terms and conditions of the Deferred Compensation Plan for Directors, as amended.

F4: Represents the stock equivalent value of funds in the reporting person's Deferred Compensation Stock Allotment Account under the Agilysys, Inc. Deferred Compensation Plan for Directors, as amended. As of 12/6/05, the cash value of reporting person's Deferred Compensation Stock Allotment Account was $131,659.76.

F5: Reporting person terminated his participation in the Deferred Compensation Plan for Directors, as amended, on March 21, 2005, and became eligible to receive a total or partial cash distribution from his Deferred Compensation Stock Allotment Account as of September 21, 2005.

F6: Not applicable.