ASURE SOFTWARE INC — Director's Dealing 2019

Nov 22, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ASURE SOFTWARE INC (ASUR)
CIK: 0000884144
Period of Report: 2019-11-20

Reporting Person: Red Oak Partners, LLC (Director)
Reporting Person: Sandberg David (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-11-20	Common Stock	S	14786	$8.488	Disposed	591407	Indirect
2019-11-20	Common Stock	S	3580	$8.488	Disposed	143197	Indirect
2019-11-20	Common Stock	S	4634	$8.488	Disposed	185366	Indirect
2019-11-21	Common Stock	S	55929	$8.564	Disposed	535478	Indirect
2019-11-21	Common Stock	S	13543	$8.564	Disposed	129654	Indirect
2019-11-21	Common Stock	S	17528	$8.564	Disposed	167838	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	22415	Indirect

Footnotes

F1: 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.

F2: Red Oak Partners, LLC ("ROP") serves as the general partner of The Red Oak Fund, LP, a Delaware limited partnership (the "Red Oak Fund"), the direct owner of the subject securities. David Sandberg is the managing member of ROP and the Red Oak Fund's portfolio manager.

F3: ROP serves as the general partner of The Red Oak Long Fund, LP, a Delaware limited partnership (the "Red Oak Long Fund"), the direct owner of the subject securities. David Sandberg is the managing member of ROP and the Red Oak Long Fund's portfolio manager.

F4: ROP serves as the general partner of The Red Oak Institutional Founders Long Fund, LP, a Delaware limited partnership (the "Red Oak Founders Fund"), the direct owner of the subject securities. David Sandberg is the managing member of ROP and the Red Oak Founders Fund's portfolio manager.

F5: These transactions were executed in multiple trades at prices ranging from $8.415 to $8.650. The price reported in Column 4 of Table I reflects the weighted average purchase price. The reporting persons hereby undertake to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which each of the individual transactions was effected.

F6: These transactions were executed in multiple trades at prices ranging from $8.510 to $8.635. The price reported in Column 4 of Table I reflects the weighted average purchase price. The reporting persons hereby undertake to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which each of the individual transactions was effected.