AGILYSYS INC — Director's Dealing 2008

Nov 17, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AGILYSYS INC (AGYS)
CIK: 0000078749
Period of Report: 2008-11-13

Reporting Person: Kossin Kenneth (Vice President and Controller)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-05-21	Options to purchase common stock	$22.21	A	15000	Acquired	2017-05-21	Common stock (15000)	Direct
2008-05-23	Options to purchase common stock	$9.82	A	17500	Acquired	2018-05-23	Common stock (17500)	Direct
2008-11-13	Options to purchase common stock	$2.51	A	45000	Acquired	2018-11-13	Common stock (45000)	Direct

Footnotes

F1: Options become exercisable as follows: 5,000 on 3/31/08; 5,000 on 3/31/09; and 5,000 on 3/31/10.

F2: Options become exercisable as follows: 5833 on 3/31/09; 5833 on 3/31/10; 5834 on 3/31/11.

F3: Options become exerciseable as follows: 15,000 on 3/31/09, 15,000 on 3/31/10 and 15,000 on 3/31/11.