SEC Form 4 · accession 0001185185-15-000804
ASURE SOFTWARE INC · ASUR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Michael Daniel Kinney
Officer — Vice President of Sales
Period of report
Mar 31, 2015
Accepted (ET)
Apr 2, 2015 · 9:02 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000884144
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Options (Right to Buy)F2 | $5.76 | Mar 31, 2015 | A | 10,000 | A | — | Mar 31, 2020 | Common Stock ($0.01 par value) | 10,000 | 70,000 | D |
| Employee Stock Options (Right to Buy)F1 | $3.50 | holding | — | — | — | — | Aug 15, 2016 | Common Stock ($0.01 par value) | 60,000 | 60,000 | D |
Explanation of responses
- F1Twenty-five percent (25%) of the shares subject to the option shall vest after 12 months. The remaining shares shall vest quarterly over the next 36 months in equal amounts.
- 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.