HENNESSY ADVISORS INC — Director's Dealing 2012

Mar 1, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HENNESSY ADVISORS INC (HNNA)
CIK: 0001145255
Period of Report: 2012-02-27

Reporting Person: LIBARLE DANIEL G (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-02-27	Common Stock, no par value	M	5000	$2.97	Acquired	30125	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-02-27	Stock Option (right to acquire)	$2.97	M	5000	Disposed	2012-02-28	Common Stock (5000)	Direct

Footnotes

F1: Adjusted for a 3-for-2 stock split in the form of a dividend on March 7, 2007.