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: HANSEL HENRY (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-03-25	Common Stock	M	33750	$3.55	Acquired	115575	Direct
2013-03-25	Common Stock	F	17117	$7.00	Disposed	98458	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	33750	Disposed	2013-08-06	Common Stock (33750)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (right to acquire)	$7.11	2014-11-03	Common Stock (25313)	25313	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.