AGILYSYS INC — Director's Dealing 2016

Sep 20, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AGILYSYS INC (AGYS)
CIK: 0000078749
Period of Report: 2016-09-15

Reporting Person: DENNEDY JIM (President and CEO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-09-15	Performance Rights	$	A	47499	Acquired	2018-04-01	Common Stock (47499)	Direct

Footnotes

F1: Each performance right represents a contingent right to receive one share of AGYS common stock. The performance rights vest upon AGYS's common stock achieving a closing stock price on NASDAQ greater than or equal to $17.00 per share for a period of at least thirty consecutive days at any time after March 31, 2016 and before April 1, 2018.

F2: Restricted shares granted under the Agilysys, Inc. 2016 Stock Incentive Plan. The shares vest on the later of one year from the date of grant or the date that the performance goal is achieved. Upon a "Change in Control" (as defined in the 2016 Stock Incentive Plan), the restricted shares would automatically be deemed earned, regardless of achievement of the performance goal, and would automatically vest.