HENNESSY ADVISORS INC — Director's Dealing 2016

Aug 16, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HENNESSY ADVISORS INC (HNNA)
CIK: 0001145255
Period of Report: 2016-08-11

Reporting Person: HENNESSY BRIAN A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-08-11	Common Stock	S	591	$37.9681	Disposed	194690	Direct
2016-08-11	Common Stock	S	5	$39.00	Disposed	194685	Direct
2016-08-12	Common Stock	S	937	$38.0033	Disposed	193748	Direct
2016-08-15	Common Stock	S	2207	$37.8321	Disposed	191541	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	8437	Indirect

Footnotes

F1: The price in Column 4 is a weighted average price. The prices actually received ranged from $37.791 to $38.25. 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 a weighted average price.

F2: The price in Column 4 is a weighted average price. The prices actually received ranged from $37.75 to $38.21. 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 a weighted average price.

F3: The price in Column 4 is a weighted average price. The prices actually received ranged from $37.511 to $38.00. 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 a weighted average price.