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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
713425	American Software Inc	AMSWA	Services-Prepackaged Software (7372)	581098795

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1215608	L Thomas Newberry	470 East Paces Ferry Road Atlanta GA 30305		Yes	No	Yes	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Acquisiton	2010-05-03	20,000	$0.00	31,355	No	4	C	Direct
Class A Common Stock	Disposition	2010-05-03	20,000	$6.27	11,355	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	C	Direct
No	4	S	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Class B Common Stock	Disposition	2010-05-03	20,000	$0.00	20,000	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
20,000			No	4	C	Direct

Footnotes

On April 26, 2010, the Reporting Person converted 20,000 shares of Class B Common Stock into an equal number of shares of Class A Common Stock.
Not applicable.
There is no exercise or conversion price for the Class B Common Stock. Shares of Class B Common Stock may be converted immediately on a one-for-one basis by the holder into shares of Class A Common Stock.
The sales reported in this Form 4 were made pursuant to a Rule 10b5-1 plan adopted by the Reporting Person.