BRANNON KELYN 4
4 · ASURE SOFTWARE INC · Filed Jan 29, 2020
Insider Transaction Report
Form 4
Brannon-Ahn Kelyn
Chief Financial Officer
Transactions
- Award
Common Stock
2020-01-27+60,000→ 70,000 total - Disposition to Issuer
Stock Option (Option to Buy)
2020-01-27−100,000→ 110,000 totalExercise: $12.61Exp: 2021-10-02→ Common Stock (100,000 underlying) - Disposition to Issuer
Stock Option (Option to Buy)
2020-01-27−50,000→ 60,000 totalExercise: $14.20Exp: 2022-12-15→ Common Stock (50,000 underlying)
Footnotes (4)
- [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.