SEC Form 4 · accession 0001185185-16-004286
ASURE SOFTWARE INC · ASUR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven Wayne Rodriguez
Officer — Chief Operating Officer
Period of report
Apr 12, 2016
Accepted (ET)
Apr 18, 2016 · 3:08 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)F3 | $5.31 | Apr 12, 2016 | A | 40,000 | A | — | Apr 12, 2021 | Common Stock ($0.01 par value) | 40,000 | 185,000 | D |
| Employee Stock Options (Right to Buy)F1 | $2.33 | holding | — | — | — | — | Aug 15, 2016 | Common Stock ($0.01 par value) | 135,000 | 135,000 | D |
| Employee Stock Options (Right to Buy)F2 | $5.76 | holding | — | — | — | — | Mar 31, 2020 | Common Stock ($0.01 par value) | 10,000 | 145,000 | 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.
- F3Such options shall vest over a 3 year period following issuance such that 1/3 of the shares shall vest on 4/12/2017 and an additional 8.33% shall vest each three (3) months thereafter.