4//SEC Filing
MAK CAPITAL ONE LLC 4
Accession 0000950170-24-137456
CIK 0000078749other
Filed
Dec 16, 7:00 PM ET
Accepted
Dec 17, 6:20 PM ET
Size
13.6 KB
Accession
0000950170-24-137456
Insider Transaction Report
Form 4
AGILYSYS INCAGYS
MAK CAPITAL ONE LLC
10% Owner
Transactions
- SaleSwap
Call option (obligation to sell)
2024-12-03−327,600→ 327,600 totalExercise: $144.22→ Common Stock (327,600 underlying) - PurchaseSwap
Put option (right to sell)
2024-12-03+327,600→ 327,600 totalExercise: $119.30→ Common Stock (327,600 underlying)
MAK Capital Fund LP
10% Owner
Transactions
- PurchaseSwap
Put option (right to sell)
2024-12-03+327,600→ 327,600 totalExercise: $119.30→ Common Stock (327,600 underlying) - SaleSwap
Call option (obligation to sell)
2024-12-03−327,600→ 327,600 totalExercise: $144.22→ Common Stock (327,600 underlying)
Kaufman Michael A
10% Owner
Transactions
- SaleSwap
Call option (obligation to sell)
2024-12-03−327,600→ 327,600 totalExercise: $144.22→ Common Stock (327,600 underlying) - PurchaseSwap
Put option (right to sell)
2024-12-03+327,600→ 327,600 totalExercise: $119.30→ Common Stock (327,600 underlying)
Footnotes (4)
- [F1]On December 3, 2024, MAK Capital Fund LP ("MAK Fund"), an affiliate of MAK Capital One LLC ("MAK Capital"), entered into a "zero-cost collar" arrangement (the "Contract") with an unaffiliated broker-dealer on the common stock, without par value, (the "Shares") of Agilysys, Inc. (the "Issuer"). Pursuant to the Contract, which included an initial hedge period that ended on December 15, 2024, MAK Fund wrote European call options and purchased European put options on 327,600 Shares. Only one of such options can be in-the-money on the applicable expiration date(s). On such dates, the Contract is expected to be physically settled by delivery of the Shares unless MAK Fund elects to pay cash to settle its obligations, if any, under the Contract.
- [F2]The Contract will expire in 16 equal increments in respect of 20,475 Shares each over a series of expiration dates expected to commence on March 3, 2026.
- [F3]On the final expiration date: (i) the call option will automatically be exercised (and the put option will expire unexercised) if the volume weighted average price of the Shares on the relevant expiration date (the "Reference Price") is greater than or equal to the call option strike price; (ii) the put option will automatically be exercised (and the call option will expire unexercised) if the Reference Price is less than or equal to the put option strike price; and (iii) the call option and the put option will each expire unexercised if the Reference Price is greater than the put option strike price but less than the call option strike price; provided that the applicable option buyer may elect to exercise the applicable options on the relevant expiration date regardless of whether or not the applicable options are in-the-money.
- [F4]MAK Capital acts as the investment manager of MAK Fund and Michael A. Kaufman ("Mr. Kaufman") is the managing member of MAK Capital. Each of MAK Capital and Mr. Kaufman disclaims such beneficial ownership, except to the extent of its pecuniary interest therein.
Documents
Issuer
AGILYSYS INC
CIK 0000078749
Entity typeother
IncorporatedFL
Related Parties
1- filerCIK 0001385702
Filing Metadata
- Form type
- 4
- Filed
- Dec 16, 7:00 PM ET
- Accepted
- Dec 17, 6:20 PM ET
- Size
- 13.6 KB