HENNESSY ADVISORS INC — Director's Dealing 2009

Jan 30, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HENNESSY ADVISORS INC (HNNA)
CIK: 0001145255
Period of Report: 2008-01-22

Reporting Person: NILSEN TERESA M (Director, EVP, CFO and Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-01-22	Common Stock	F	1125	$9.5	Disposed	72462	Direct
2008-01-26	Common Stock	F	2813	$9	Disposed	69649	Direct
2009-01-26	Common Stock	F	337	$3	Disposed	69312	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	337	Indirect
Common Stock	337	Indirect
Common Stock	1012	Indirect

Footnotes

F1: Represents shares withheld for payment of taxes incident to the vesting of restricted shares.