ASURE SOFTWARE INC — Director's Dealing 2018

Jun 4, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ASURE SOFTWARE INC (ASUR)
CIK: 0000884144
Period of Report: 2018-05-16

Reporting Person: Karbowski James Joseph (Chief Operating Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-05-16	Employee Stock Option (Right to Buy)	$14.20	A	50000	Acquired	2022-12-15	Common Stock ($0.01 par value) (50000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Asure Software, Inc. Common Stock ($0.01 par value)	20901	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (Right to Buy)	$6.04	2019-07-03	Common Stock ($0.01 par value) (50000)	50000	Direct
Employee Stock Option (Right to Buy)	$5.31	2021-04-12	Common Stock ($0.01 par value) (20000)	20000	Direct
Employee Stock Option (Right to Buy)	$9.86	2022-04-06	Common Stock ($0.01 par value) (15000)	15000	Direct

Footnotes

F1: Such options shall vest over a 4 year period such that 25% of the shares shall vest on each anniversary date following issuance.

F2: Such options shall vest over a 3 year period following issuance such that 1/3 of the shares shall vest on 4/12/2017 and an additional 8.33% shall vest each three (3) months thereafter.

F3: The option grant was subject to shareholder approval of a new equity plan which was attained on May 16, 2018. The option vests in four equal annual installments beginning December 15, 2018.