SEC Form 4 · accession 0001185185-17-001953
ASURE SOFTWARE INC · ASUR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James Joseph Karbowski
Officer — Chief Operating Officer
Period of report
Sep 1, 2017
Accepted (ET)
Sep 6, 2017 · 12:37 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)F1 | Sep 1, 2017 | P | 901 | $11.48 | A | 20,901 | 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 Option (Right to Buy)F2 | $6.04 | holding | — | — | — | — | Jul 3, 2019 | Common Stock ($0.01 par value) | 50,000 | 50,000 | D |
| Employee Stock Option (Right to Buy)F3 | $5.31 | holding | — | — | — | — | Apr 12, 2021 | Common Stock ($0.01 par value) | 20,000 | 20,000 | D |
| Employee Stock Option (Right to Buy)F2 | $9.86 | holding | — | — | — | — | Apr 6, 2022 | Common Stock ($0.01 par value) | 15,000 | 15,000 | D |
Explanation of responses
- F1The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $11.45 to $11.487.
- F2Such options shall vest over a 4 year period such that 25% of the shares shall vest on each anniversary date following issuance.
- 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.