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HENNESSY ADVISORS INC Director's Dealing 2006

Jan 27, 2006

34314_dirs_2006-01-27_defd47eb-0c0b-4ba8-93d9-cffaa1b6ff1b.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HENNESSY ADVISORS INC (HNNA)
CIK: 0001145255
Period of Report: 2006-01-26

Reporting Person: LIBARLE DANIEL G (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-01-26	Common Stock	A	1000	—	Acquired	8500	Direct

Footnotes

F1: Represents restricted stock granted pursuant to Hennessy's 2001 Omnibus Plan. Shares vest 25% per year beginning on the
first anniversary of the date of grant.

F2: As adjusted for a 3-for-2 stock split in the form of a dividend on March 8, 2005.