AGILYSYS INC — Director's Dealing 2007

Feb 20, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AGILYSYS INC (AGYS)
CIK: 0000078749
Period of Report: 2007-02-14

Reporting Person: BAILEY ROBERT J (Exec. VP)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-02-16	Common stock, without par value	S	10000	$21.07	Disposed	80094	Direct
2007-02-15	Common stock, without par value	S	21900	$21.07	Disposed	90094	Direct
2007-02-14	Common stock, without par value	S	18100	$21.10	Disposed	111994	Direct
2007-02-14	Common stock, without par value	M	10000	$13.01	Acquired	130094	Direct
2007-02-14	Common stock, without par value	M	40000	$13.75	Acquired	120094	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-02-14	Options to purchase common stock	$13.75	M	40000	Disposed	2010-04-26	Common stock (40000)	Direct
2007-02-14	Options to purchase common stock	$13.01	M	10000	Disposed	2011-06-13	common stock (10000)	Direct

Footnotes

F1: Shares were sold at an average price of $21.07, with prices ranging from $21.05-$21.10.

F2: Options became exerciseable as follows: 20,000 on 4/26/01; 20,000 on 4/26/02.