ASURE SOFTWARE INC — Director's Dealing 2017

Jun 2, 2017

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: ASURE SOFTWARE INC (ASUR)
CIK: 0000884144
Period of Report: 2017-05-25

Reporting Person: ISYSTEMS HOLDINGS, LLC (10% Owner)
Reporting Person: GILL DANIEL M (10% Owner)
Reporting Person: BARR GREGORY M (10% Owner)
Reporting Person: SILVER OAK SERVICES PARTNERS, LLC (10% Owner)
Reporting Person: SILVER OAK MANAGEMENT II, L.P. (10% Owner)
Reporting Person: SILVER OAK SERVICES PARTNERS II, L.P. (10% Owner)
Reporting Person: SILVER OAK ISYSTEMS, LLC (10% Owner)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1526332	Direct

Footnotes

F1: These shares are held directly by iSystems Holdings, LLC. ("Holdings"). Silver Oak iSystems, LLC ("iSystems LLC") is the owner of a controlling interest in Holdings and has the right to appoint a majority of the managers of Holdings. Silver Oak Services Partners II, L.P. ("SOSP II") is the sole member of iSystems LLC. Silver Oak Management II, L.P. ("SOM II") is the general partner of SOSP II. Silver Oak Services Partners, LLC ("SOSP LLC") is the general partner of SOM II. Daniel M. Gill and Gregory M. Barr are the sole members of SOSP LLC, each owning a 50% interest in SOSP LLC, who acting together, have the power to direct the decisions of SOSP II regarding the vote and disposition of securities held directly by Holdings.

F2: (Continued from footnote 1) As such, iSystems LLC, SOSP II, SOM II, SOSP LLC, Mr. Gill and Mr. Barr may be deemed to be indirect beneficial owners of the shares held directly by Holdings. Each of iSystems LLC, SOSP II, SOM II, SOSP LLC, Mr. Gill and Mr. Barr expressly disclaim beneficial ownership of shares held directly by Holdings, except to the extent of their respective pecuniary interests therein.