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: HENNESSY NEIL J (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-03-25	Common Stock	M	25313	$3.55	Acquired	1858043	Direct
2013-03-25	Common Stock	F	12838	$7.00	Disposed	1845205	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	16875	Indirect
Common Stock	3500	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (right to acquire)	$7.11	2014-11-03	Common Stock (25312)	25312	Direct

Footnotes

F1: Adjusted for 3-for-2 stock splits in the form of dividends on March 8, 2005, March 7, 2006 and March 7, 2007.