Statement of Changes in Beneficial Ownership (4)

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

1. Name and Address of Reporting Person ^* Sell Bryan L.	2. Issuer Name and Ticker or Trading Symbol AMERICAN SOFTWARE INC [ AMSWA ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) Controller
(Last) (First) (Middle) 4860 BRENT KNOLL LANE	3. Date of Earliest Transaction (MM/DD/YYYY) 9/16/2019
(Street) SUWANEE, GA 30024 (City) (State) (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	6. Individual or Joint/Group Filing (Check Applicable Line) _X _ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	9/16/2019		M⁽¹⁾		4000.00	A	$10.99	4000.00	D
Common Stock	9/16/2019		M⁽¹⁾		4000.00	A	$9.33	8000.00	D
Common Stock	9/16/2019		S⁽²⁾		4000.00	D	$14.80	4000.00	D
Common Stock	9/16/2019		S⁽²⁾		4000.00	D	$14.80	0.00	D

*Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)*
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)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)			11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Option	$10.99	9/16/2019		M ⁽¹⁾			4000.00	⁽³⁾	5/4/2023	Common Stock	4000.00	$10.99	0.00	D
Stock Option	$9.33	9/16/2019		M ⁽¹⁾			4000.00	⁽⁴⁾	8/18/2021	Common Stock	4000.00	$9.33	0.00	D

Explanation of Responses:
(1)	On September 16, 2019, the Reporting Person converted 4,000 options into an equal number of shares of Class A Common Stock.
(2)	On September 16, 2019, the Reporting Person sold 4,000 shares of Class A Common stock.
(3)	Employees: 5 year vesting, 20 percent per year and expires in 6th year beginning on 04-May-2017
(4)	Vests 3,000 share(s) on 18-Aug-2016, 3,000 share(s) on 18-Aug-2017, 3,000 share(s) on 18-Aug-2018, 3,000 share(s) on 18-Aug-2019, 3,000 share(s) on 18-Aug-2020

Reporting Owners
Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Sell Bryan L. 4860 BRENT KNOLL LANE SUWANEE, GA 30024				Controller

Signatures
Bryan Sell		9/16/2019
^**Signature of Reporting Person		Date

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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note:	File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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