SEC Form 4 · accession 0001185185-19-000042
ASURE SOFTWARE INC · ASUR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Rhonda Michelle Parouty
Officer — Chief Operating Officer
Period of report
Jan 7, 2019
Accepted (ET)
Jan 9, 2019 · 7:46 pm EST
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 | Jan 7, 2019 | A | 10,000 | $0.00 | A | 10,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F2 | $5.38 | Jan 7, 2019 | A | 50,000 | A | — | Jan 7, 2024 | Common Stock | 50,000 | 50,000 | D |
Explanation of responses
- F1Represents grant of restricted stock units that vest 1/3rd on the first anniversary of the Grant Date and the remaining 2/3rds vest over the following 2 year period in equal quarterly installments, with the last such vesting date being the third anniversary of the Grant Date.
- F2Such options will vest as follows: 1/3 on the first anniversary of the grant date and the remaining 2/3rds will vest over the following 2 year period in substantially equal monthly installments.