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: LIBARLE DANIEL G (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-09-21	Common Stock	A	3500	—	Acquired	58908	Direct
2016-09-21	Common Stock	S	2500	$33.1002	Disposed	56408	Direct

Footnotes

F1: Includes 3,500 shares underlying restricted stock units that will vest 25% per year beginning on September 21, 2017.

F2: The price in Column 4 is a weighted average price. The prices actually received ranged from $33.09 to $33.22. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range for all transactions reported in this Form 4 utilizing an average weighted price.