Filing Details

Accession Number:
0001480227-11-000016
Form Type:
4
Zero Holdings:
No
Publication Time:
2011-10-12 15:10:59
Reporting Period:
2011-10-11
Filing Date:
2011-10-12
Accepted Time:
2011-10-12 15:10:59
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
884144 Asure Software Inc ASUR Services-Computer Integrated Systems Design (7373) 742415696
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1480227 Michael David Scoglio 1904 Jadewood Drive
Morrisville NC 27560
Chief Financial Officer No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Asure Software, Inc ($0.01 Par Value) Acquisiton 2011-10-11 300 $3.39 8,213 No 4 P Indirect Individual Retirement Account (IRA) held by spouse
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect Individual Retirement Account (IRA) held by spouse
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Asure Software, Inc. ($0.01 Par Value) Common Stock Employee Stock Option, (right to buy) $0.00 47,000 47,000 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
47,000 47,000 Direct
Footnotes
  1. The Reporting Person disclaims beneficial ownership of all securities reported herein, except to the extent of his 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.
  2. 15,000 options have a stike price at $2.52; 32,000 options have a strike price of $3.50
  3. The first 15000 options vest over a 3 year schedule with 1/3 vesting after the first year and each additional third vesting every 12 months thereafter. The second group of 32,000 options vest 25% after twelve months and another 25% every 12 months thereafter.
  4. 15,000 options have a term of 10 years; 32,000 options have a term of 5 years.