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: 2008-11-14

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-02-14	Common shares, without par value	A	4000	$12.20	Acquired	118282	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-11-14	Options to purchase common stock	$2.19	A	150000	Acquired	2018-11-14	Common Stock (150000)	Direct

Footnotes

F1: Options become exerciseable as follows: 50,000 on 3/31/09, 50,000 on 3/31/10 and 50,000 on 3/31/11.