HENNESSY ADVISORS INC — Director's Dealing 2016

Sep 23, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HENNESSY ADVISORS INC (HNNA)
CIK: 0001145255
Period of Report: 2016-09-21

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-09-21	Common Stock	A	10500	—	Acquired	104068	Direct
2016-09-22	Common Stock	S	600	$34.90	Disposed	103468	Direct
2016-09-23	Common Stock	S	999	$34.90	Disposed	102469	Direct
2016-09-23	Common Stock	S	2401	$35.00	Disposed	100068	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2024	Indirect
Common Stock	1012	Indirect

Footnotes

F1: Includes 10,500 shares underlying restricted stock units that will vest 25% per year beginning on September 21, 2017.