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ASURE SOFTWARE INC — Director's Dealing 2015
May 27, 2015
33594_dirs_2015-05-27_10869f51-2453-42ef-a8b0-9a9969978a29.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: ASURE SOFTWARE INC (ASUR)
CIK: 0000884144
Period of Report: 2015-05-22
Reporting Person: Goepel Patrick (Director, Chief Executive Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-05-22 | Asure Software, Inc. Common Stock ($0.01 par value) | P | 2180 | $5.95 | Acquired | 304360 | Direct |
| 2015-05-22 | Asure Software, Inc. Common Stock ($0.01 par value) | P | 3000 | $6.09 | Acquired | 307360 | Direct |
| 2015-05-26 | Asure Software, Inc. Common Stock ($0.01 par value) | P | 16472 | $6.09 | Acquired | 323832 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy) | $2.33 | Common Stock ($0.01 par value) (225000) | 225000 | Direct | |
| Employee Stock Option (Right to Buy) | $5.76 | 2020-03-31 | Common Stock ($0.01 par value) (60000) | 285000 | Direct |
Footnotes
F1: For 52,500 options: Such options shall vest over a 4 year period following issuance such that 25% of the shares shall vest on 9/15/2010 and an additional 6.25% shall vest each three (3) months thereafter. For 172,500 options: Such options will vest as follows: 1/14th (or 12,321 shares) of the total shares will vest each calendar quarter beginning September 30, 2011 through September 30, 2014, and the remaining 12,327 shares will vest on December 31, 2014.
F2: For 52,500 Options: 9/21/2019 For 172,500 Options: 12/31/2019
F3: For 30,000 options: Such 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. For 30,000 options: Such options will vest at 12/31/15 based on achievement of performance criteria as approved by the board of directors.