SEC Form 4 · accession 0001185185-17-001533
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
Jul 6, 2017
Accepted (ET)
Jul 10, 2017 · 5:11 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) | Jul 6, 2017 | M | 37,500 | $5.23 | A | 66,405 | D | |
| Asure Software, Inc. Common Stock ($0.01 par value) | Jul 6, 2017 | M | 7,504 | $5.76 | A | 73,909 | D | |
| Asure Software, Inc. Common Stock ($0.01 par value) | Jul 6, 2017 | M | 3,334 | $5.31 | A | 77,243 | 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)F1 | $5.23 | Jul 6, 2017 | M | 37,500 | D | — | Nov 19, 2019 | Common Stock ($0.01 par value) | 37,500 | 22,500 | D |
| Employee Stock Options (Right to Buy)F2 | $5.76 | Jul 6, 2017 | M | 7,504 | D | — | Mar 31, 2020 | Common Stock ($0.01 par value) | 7,504 | 2,496 | D |
| Employee Stock Options (Right to Buy)F3 | $5.31 | Jul 6, 2017 | M | 3,334 | D | — | Apr 12, 2021 | Common Stock ($0.01 par value) | 3,334 | 6,666 | D |
| Employee Stock Options (Right to Buy)F4 | $9.86 | holding | — | — | — | — | Apr 6, 2022 | Common Stock ($0.01 par value) | 15,000 | 95,000 | 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.