Item 8.01. Other Events.

On October 2, 2012, Selectica, Inc. (the "Company") announced that it had previously received indications of interest to purchase additional shares of the Company's common stock (the "Common Stock") pursuant to its open purchase period previously announced by the Company on December 7, 2011 and described on the Company's Current Report on Form 8-K filed December 8, 2011 where three of the Company's stockholders have indicated an interest in increasing their beneficial ownership without becoming "Acquiring Persons" within the meaning of the Amended and Restated Rights Agreement between the Company and Wells Fargo Bank, N.A., as Rights Agent, dated January 2, 2009, as amended (the "Rights Agreement"). An independent committee (the "Independent Committee") of the Company's Board of Directors determined that such increases in beneficial ownership would not jeopardize the value of the Company's net operating loss carry forwards, treat all stockholders fairly and equitably and maximize stockholder value. As a result, the Independent Committee has granted an exemption under the Rights Agreement to the three stockholders such that each may acquire beneficial ownership of certain amounts of additional shares requested.

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