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
- 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.
- 15,000 options have a stike price at $2.52; 32,000 options have a strike price of $3.50
- 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.
- 15,000 options have a term of 10 years; 32,000 options have a term of 5 years.