SEC Form 4 · accession 0001185185-17-000892
ASURE SOFTWARE INC · ASUR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Charles Bradford Wolfe
Officer — Chief Financial Officer
Period of report
Apr 6, 2017
Accepted (ET)
Apr 10, 2017 · 6:34 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 | — | — | — | 28,905 | D |
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)F4 | $9.86 | Apr 6, 2017 | A | 15,000 | A | — | Apr 6, 2022 | Common Stock ($0.01 par value) | 15,000 | 95,000 | D |
| Employee Stock Options (Right to Buy)F1 | $5.23 | holding | — | — | — | — | Nov 19, 2019 | Common Stock ($0.01 par value) | 60,000 | 60,000 | D |
| Employee Stock Options (Right to Buy)F2 | $5.76 | holding | — | — | — | — | Mar 31, 2020 | Common Stock ($0.01 par value) | 10,000 | 70,000 | D |
| Employee Stock Options (Right to Buy)F3 | $5.31 | holding | — | — | — | — | Apr 12, 2021 | Common Stock ($0.01 par value) | 10,000 | 80,000 | D |
Explanation of responses
- F1Such options shall vest over a 4 year period following issuance such that 25% of the shares shall vest on 11/19/2015 and an additional 6.25% shall vest each three (3) 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.
- 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.
- F4Such options shall vest over a 4 year period following issuance such that 25% of the shares shall vest on each of the first, second, third and fourth anniversaries of the grant date.