ASURE SOFTWARE INC — Director's Dealing 2010

Jun 21, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ASURE SOFTWARE INC (ASUR)
CIK: 0000884144
Period of Report: 2010-06-16

Reporting Person: Sandberg David (Director, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-06-16	Common Stock ($.01 par value)	P	13610	$2.75	Acquired	13610	Direct
2010-06-16	Common Stock ($.01 par value)	P	39056	$2.75	Acquired	151141	Indirect
2010-06-16	Common Stock ($.01 par value)	P	52666	$2.75	Disposed	0	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock ($.01 par value)	320150	Indirect

Footnotes

F1: This report is filed to disclose the change in the form of the ownership of the indicated securities from indirect to direct. There has been no change in the aggregate number of shares held by the filing persons.

F2: 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.

F3: 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.

F4: 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.

F5: 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.