AGILYSYS INC — Director's Dealing 2007

Mar 1, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AGILYSYS INC (AGYS)
CIK: 0000078749
Period of Report: 2007-02-26

Reporting Person: SAYERS RICHARD A II (Exec. VP - HR)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-02-27	Common stock, without par value	S	17000	$21.36	Disposed	64121	Direct
2007-02-26	Common stock, without par value	F	13279	$22.22	Disposed	81121	Direct
2007-02-26	Common stock, without par value	M	35224	$8.75	Acquired	94400	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-02-26	Options to purchase common stock	$8.75	M	35224	Disposed	2009-01-15	common stock (22800)	Direct
2007-02-26	Options to purchase common stock	$7.69	M	12424	Disposed	2013-06-17	common stock (12424)	Direct

Footnotes

F1: Shares were sold at an average price of $21.36, with prices ranging from $21.27-$21.48.

F2: Previously owned shares owned longer than six months tendered at $22.22 fair market value to cover cost ($295,040.56) of 35,224 option exercise.

F3: Options were exercised as follows: 22,800 at $8.75; and 12,424 at $7.69.