AGILYSYS INC — Director's Dealing 2011

May 4, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AGILYSYS INC (AGYS)
CIK: 0000078749
Period of Report: 2011-03-31

Reporting Person: Weigand Kathleen A (Gen. Counsel, Sec. & SVP-HR)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-31	Common Shares, without par value	D	5947	$0.00	Disposed	30976	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-05-04	Phantom Shares	$	J	4981	Acquired		Common Shares ()	Direct

Footnotes

F1: Form 4 is being filed to report withholding of 5,947 shares to satisfy tax withholding obligation upon vesting of restricted shares pursuant to 2006 Stock Incentive Plan.

F2: Includes dividend shares on restricted shares.

F3: Increase in number of phantom shares of Agilysys, Inc. common shares held through the Agilysys, Inc. Benefit Equalization Plan, a non-qualified defined contribution plan, since last reported on a Form 4. Acquisitions and dispositions of these phantom shares are non-reportable.