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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
1281660	R James Mcguone	470 East Paces Ferry Rd. Atlanta GA 30305	Vp Genl Counsel & Corp Sec	No	Yes	No	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	2011-12-28	4,000	$5.76	4,000	No	4	C	Direct
Class A Common Stock	Disposition	2011-12-28	4,000	$9.41	0	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	Options to Acquire Class A Common Stock	Disposition	2011-12-28	4,000	$5.76	4,000	$5.76

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
4,000	2010-06-30	2015-06-30	No	4	C	Direct

Footnotes

On December 28, the Reporting Person converted 4,000 options into an equal number of shares of Class A Common Stock.
Represents the weighted average sales price for price increments ranging from $9.40 to $9.42.
The Reporting Person undertakes to provide, upon request by the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price for all transactions reported on this Form 4.