SEC Form 4/A · accession 0001185185-15-000895
ASURE SOFTWARE INC · ASUR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Michael Daniel Kinney
Officer — Vice President of Sales
Period of report
Mar 31, 2015
Accepted (ET)
Apr 14, 2015 · 2:52 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 | 100,000 | D |
| Employee Stock Options (Right to Buy)F3,F1 | $2.33 | holding | — | — | — | — | Aug 15, 2016 | Common Stock ($0.01 par value) | 90,000 | 90,000 | 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.
- F3The purpose of this amendment is to correct the exercise price and the amount of shares previously reported. The original form reported 60,000 shares with an exercise price of $3.50, which did not reflect the 3-for-2 stock split which was completed on April 30, 2012.