AGILYSYS INC — Director's Dealing 2006

Aug 1, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AGILYSYS INC (AGYS)
CIK: 0000078749
Period of Report: 2006-07-28

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

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-07-28	Option to purchase common stock	$15.85	A	250000	Acquired	2016-07-28	common stock (250000)	Direct

Footnotes

F1: Options granted pursuant to Amended and Restated Employment Agreement between the Company and Arthur Rhein and related letter from Compensation Committee of the Board of Directors to Arthur Rhein, reported by the Company on Form 8K on December 30, 2005.

F2: Options become exercisable as follows: 25,000 on 3/31/2007; 75,000 on 3/31/2008, and 150,000 on 3/31/2009.