HENNESSY ADVISORS INC — Director's Dealing 2013

Mar 28, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HENNESSY ADVISORS INC (HNNA)
CIK: 0001145255
Period of Report: 2013-03-25

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-03-25	Common Stock	M	25313	$3.55	Acquired	88317.5	Direct
2013-03-25	Common Stock	F	12838	$7.00	Disposed	75479.5	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-03-25	Stock Option (right to acquire)	$3.55	M	25313	Disposed	2013-08-06	Common Stock (25313)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1012	Indirect
Common Stock	674	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (right to acquire)	$7.11	2014-11-03	Common Stock (2812)	2812	Direct