ASURE SOFTWARE INC — Director's Dealing 2020

Jan 29, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ASURE SOFTWARE INC (ASUR)
CIK: 0000884144
Period of Report: 2020-01-27

Reporting Person: BRANNON KELYN (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-01-27	Common Stock	A	60000	—	Acquired	70000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-01-27	Stock Option (Option to Buy)	$12.61	D	100000	Disposed	2021-10-02	Common Stock (100000.0)	Direct
2020-01-27	Stock Option (Option to Buy)	$14.2	D	50000	Disposed	2022-12-15	Common Stock (50000.0)	Direct

Footnotes

F1: On January 27, 2020, the issuer canceled, pursuant to the issuer's option exchange program, options granted to the reporting person on October 2, 2017 and May 16, 2018. In exchange for the options, the reporting person received a grant of restricted stock units that vest over three years, with the first installment vesting on the first anniversary of the option exchange, and the remainder vesting quarterly thereafter, subject to certain stock price performance goals as described in Section 9 of Offer to Exchange filed with the SEC on December 16, 2020.

F2: The canceled option provided for vesting in four equal annual installments.

F3: On January 27, 2020, the issuer canceled, pursuant to the issuer's option exchange program, an option granted to the reporting person on October 2, 2017. In exchange for the option, the reporting person received a grant of restricted stock units.

F4: On January 27, 2020, the issuer canceled, pursuant to the issuer's option exchange program, an option granted to the reporting person on May 16, 2018. In exchange for the option, the reporting person received a grant of restricted stock units.