AGILYSYS INC — Director's Dealing 2008

Nov 26, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AGILYSYS INC (AGYS)
CIK: 0000078749
Period of Report: 2008-11-25

Reporting Person: ELLIS MARTIN F (Exec. VP, Treasurer and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-11-25	Common Shares, without par value	P	20000	$2.55	Acquired	138282	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Options to purchase common stock	$2.19	2018-11-14	Common Stock (150000)	150000	Direct

Footnotes

F1: No transaction is being reported on this line. Reported on a previously filed Form 4.

F2: Options become exercisable as follows: 50,000 on 3/31/09, 50,000 on 3/31/10 and 50,000 on 3/31/11.