HENNESSY ADVISORS INC — Director's Dealing 2017

Sep 20, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HENNESSY ADVISORS INC (HNNA)
CIK: 0001145255
Period of Report: 2017-09-16

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-09-16	Common Stock	F	2114	$14.71	Disposed	137624	Direct
2017-09-17	Common Stock	F	2113	$14.71	Disposed	135511	Direct
2017-09-18	Common Stock	A	15750	—	Acquired	151261	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5285	Indirect
Common Stock	1518	Indirect

Footnotes

F1: Represents shares withheld for payment of taxes incident to the vesting of restricted shares.

F2: Adjusted for a 3-for-2 stock split that occurred on March 6, 2017.

F3: Includes 15,750 shares underlying restricted stock units that will vest 25% per year beginning on September 18, 2018.