SEC Form 4 · accession 0001185185-15-000801
ASURE SOFTWARE INC · ASUR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Matthew K Behrent
Director
Period of report
Mar 31, 2015
Accepted (ET)
Apr 2, 2015 · 8:02 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000884144
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Asure Software, Inc. Common Stock ($0.01 par value) | holding | — | — | — | 15,564 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock Options (Right to Buy)F2 | $5.76 | Mar 31, 2015 | A | 5,000 | A | — | Mar 31, 2020 | Common Stock ($0.01 par value) | 5,000 | 10,625 | D |
| Common Stock Options (Right to Buy)F1 | $2.33 | holding | — | — | — | — | Sep 30, 2016 | Common Stock ($0.01 par value) | 5,625 | 5,625 | D |
Explanation of responses
- F1Such options shall vest over a 2 year period following issuance such that 25% of the shares shall vest on 3/31/2012 and an additional 25% shall vest each six (6) months thereafter.
- F2Such options shall vest over a 3 year period following issuance such that 1/3 of the shares shall vest on 3/31/2016 and an additional 8.33% shall vest each three (3) months thereafter.