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UNITED STATES
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WASHINGTON, D.C. 20549
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SCHEDULE 13G
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UNDER THE SECURITIES EXCHANGE ACT OF 1934
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(AMENDMENT NO. _14_)*
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American Software Inc. (Cl A)
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(Name of Issuer)
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Class A
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(Title of Class of Securities)
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029683109
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(Cusip Number)
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*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
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The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of theAct (however, see the Notes).
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SCHEDULE 13G
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CUSIP No.
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029683109
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Page 2 of 6 Pages
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1. NAMES OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
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Brown Capital Management, LLC
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
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(a)[ ]
(b)[ ]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
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Maryland
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REPORTING NUMBER OF SHARES
BENEFICIALLY OWNED BY EACH
PERSON WITH
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5.
6
7.
8.
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SOLE VOTING POWER
SHARED VOTING POWER
SOLE DISPOSITIVE POWER
SHARED DISPOSITIVE POWER
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1,617,601
None
2,982,163
None
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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2,982,163
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10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
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12.95%
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12. TYPE OF REPORTING PERSON*
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IA CO
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CUSIP No.
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029683109
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Page 3 of 6 Pages
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Item 1
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(a)
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Name of Issuer:
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American Software Inc. (Cl A)
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(b)
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Address of Issuer's Principal Executive Offices:
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470 E. Paces Ferry Road, NE
Atlanta, GA 30305
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Item 2
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(a)
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Name of Person Filing:
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Brown Capital Management, LLC
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(b)
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Address of Principal Business Office or, if none, Residence:
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1201 N. Calvert Street
Baltimore, Maryland 21202
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(c)
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Citizenship:
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Maryland
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(d)
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Title of Class of Securities:
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Class A
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(e)
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CUSIP Number:
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029683109
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Item 3:
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Capacity in Which Person is Filing:
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[x]
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Investment Adviser registered under
Section 203 of the Investment Advisers
Act of 1940
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CUSIP No.
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029683109
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Page 4 of 6 Pages
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Item 4:
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Ownership As of December 31, 2010:
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(a)
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Amount Beneficially Owned:
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2,982,163
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(b)
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Percent of class:
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12.95%
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(c)
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Number of shares to which such person has:
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(i)
(ii)
(iii)
(iv)
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Sole power to vote or to direct the vote:
Shared power to vote or to direct the vote:
Sole power to dispose or to direct the disposition of:
Shared power to dispose or to direct the disposition of :
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1,617,601
None
2,982,163
None
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Item 5:
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Ownership of Five Percent or Less of Class:
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Not applicable
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CUSIP No.
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029683109
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Page 5 of 6 Pages
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Item 6:
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Ownership of More than Five Percent on Behalf of Another Person
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All of the shares of Stock set forth in Item 4 are owned by various investment advisory clients of Brown Capital Management, LLC, which is deemed to be a beneficial owner of those shares pursuant to Rule 13d-3 under the Securities Exchange Act of 1934, due to it discretionary power to make investment decisions over such shares for its clients and its ability to vote such shares. In all cases, persons other than Brown Capital Management, LLC has the right to receive, or the power to direct the receipt of, dividends from, or the proceeds from the sale of the shares. No individual client holds more than five percent of the class.
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Item 7:
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Identification and Classification of the Subsidiary
Which Acquired the Security Being Reported on
By the Parent Holding Company:
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Not applicable
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Item 8:
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Identification and Classification of Members of the Group:
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Not applicable
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Item 9:
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Notice of Dissolution of Group:
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Not applicable
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CUSIP No.
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029683109
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Page 6 of 6 Pages
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Item 10:
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Certification:
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By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purposes or effect
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SIGNATURE
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After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
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Brown Capital Management, LLC
By: /s/ Eddie C. Brown
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Eddie C. Brown
President
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Date:
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December 31, 2010
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