AGILYSYS INC — Director's Dealing 2005

Jan 21, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AGILYSYS INC (AGYS)
CIK: 0000078749
Period of Report: 2005-01-19

Reporting Person: SAGE JAMES L (former employee)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-01-19	Common shares, without par value	M	31368	$14.62	Acquired	160168	Direct
2005-01-19	Common shares, without par value	S	31368	$14.62	Disposed	128800	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-01-19	Options to purchase common stock	$14.62	M	31368	Disposed	2012-04-30	Common stock (31368)	Direct

Footnotes

F1: Options were exercised as follows: 26,667 @ $14.62; 4,701 @ 7.69

F2: Options became exerciseable as follows: 13,334 on 4/1/03; 18,034 on 4/1/04.