AGILYSYS INC — Director's Dealing 2020

Nov 23, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AGILYSYS INC (AGYS)
CIK: 0000078749
Period of Report: 2020-11-19

Reporting Person: Kingsley Jebaseelan (VP, Professional Services)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-11-19	Common Stock	A	2934	$0.00	Acquired	14564	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-11-19	Stock Appreciation Rights	$20.02	A	16502	Acquired	2027-06-02	Common Stock (16502)	Direct
2020-11-19	Stock Appreciation Rights	$20.02	A	38273	Acquired	2027-06-02	Common Stock (38273)	Direct

Footnotes

F1: Restricted shares granted under the Agilysys, Inc. 2020 Equity Incentive Plan. The shares vest in one-third increments on March 31, 2021, 2022 and 2023.

F2: Stock appreciation rights ("SARs") granted under the Agilysys, Inc. 2020 Equity Incentive Plan (the "Plan) on June 2, 2020, subject to shareholder approval of the Plan, which occurred on November 19, 2020. The SARs vest over a three-year period: 20% on March 31, 2021; 20% on March 31, 2022; 15% on June 30, 2022; 15% on September 30, 2022; 15% on December 31, 2022; and 15% on March 31, 2023.

F3: Stock appreciation rights ("SARs") granted under the Agilysys, Inc. 2020 Equity Incentive Plan (the "Plan") on June 2, 2020, subject to shareholder approval of the Plan, which occurred on November 19, 2020. The SARs vest on the date prior to June 30, 2023 that the average closing price of the Company's common stock over a 10 consecutive trading day period is equal to or greater than $45, and if such threshold is not achieved by June 30, 2023, the SARs will be forfeited.