Statement of Changes in Beneficial Ownership (4)
November 23 2020 - 5:05PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Robertson Chris J |
2. Issuer Name and Ticker or Trading Symbol
AGILYSYS INC
[
AGYS
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Controller |
(Last)
(First)
(Middle)
1000 WINDWARD CONCOURSE, SUITE 250 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
11/19/2020 |
(Street)
ALPHARETTA, GA 30005
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Stock Appreciation Rights (1) | $20.02 | 11/19/2020 | | A | | 16862 | | 3/31/2021 | 6/2/2027 | Common Stock | 16862 | $0.00 | 16862 | D | |
Stock Appreciation Rights (2) | $20.02 | 11/19/2020 | | A | | 19553 | | (2) | 6/2/2027 | Common Stock | 19553 | $0.00 | 19553 | D | |
Explanation of Responses: |
(1) | Stock appreciation rights ("SARs") granted under the Agilysys, Inc. 2020 Equity Incentive Plan (the "Plan) on June 2, 2020, subject to shareholder approval of the Plan, which occurred on November 19, 2020. The SARs vest over a three-year period: 20% on March 31, 2021; 20% on March 31, 2022; 15% on June 30, 2022; 15% on September 30, 2022; 15% on December 31, 2022; and 15% on March 31, 2023. |
(2) | Stock appreciation rights ("SARs") granted under the Agilysys, Inc. 2020 Equity Incentive Plan (the "Plan") on June 2, 2020, subject to shareholder approval of the Plan, which occurred on November 19, 2020. The SARs vest on the date prior to June 30, 2023 that the average closing price of the Company's common stock over a 10 consecutive trading day period is equal to or greater than $45, and if such threshold is not achieved by June 30, 2023, the SARs will be forfeited. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Robertson Chris J 1000 WINDWARD CONCOURSE SUITE 250 ALPHARETTA, GA 30005 |
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| Controller |
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Signatures
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/s/ Kyle C. Badger, Attorney-in-Fact | | 11/23/2020 |
**Signature of Reporting Person | Date |
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