ASURE SOFTWARE INC — Director's Dealing 2009

Jun 23, 2009

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: FORGENT NETWORKS INC (ASUR)
CIK: 0000884144
Period of Report: 2009-06-19

Reporting Person: Red Oak Partners, LLC (10% Owner)
Reporting Person: Sandberg David (10% Owner)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock ($.01 par value)	1074849	Indirect
Common Stock ($.01 par value)	1510587	Indirect
Common Stock ($.01 par value)	526669	Indirect

Footnotes

F1: Red Oak Partners, LLC ("ROP") serves as the general partner of The Red Oak Fund, LP, a Delaware limited partnership (the "Fund"), the direct owner of the subject securities. David Sandberg is the managing member of ROP and the Fund's portfolio manager.

F2: ROP serves as a general partner of Pinnacle Partners, LLC, a Colorado limited liability limited company ("Pinnacle Partners"). Pinnacle Partners manages Pinnacle Fund, LLLP, a Colorado limited liability limited partnership ("Pinnacle Fund"), the direct owner of the subject securities.

F3: ROP is the investment advisor to Bear Market Opportunity Fund, L.P., the direct owner of the subject securities, and exercises investment control over the subject securities. David Sandberg is the managing member of ROP and is the portfolio manager of the Bear Market Opportunity Fund, L.P.

F4: Each Reporting Person disclaims beneficial ownership of all securities reported herein, except to the extent of their pecuniary interest therein, if any, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the shares for purposes of Section 16 of the Securities and Exchange Act of 1934 or for any other purpose.