4//SEC Filing
GILL DANIEL M 4
Accession 0000899243-18-017012
CIK 0000884144other
Filed
Jun 17, 8:00 PM ET
Accepted
Jun 18, 4:37 PM ET
Size
6.9 KB
Accession
0000899243-18-017012
Insider Transaction Report
Form 4
GILL DANIEL M
Director
Transactions
- Sale
Common Stock, par value $0.01
2018-06-18$16.45/sh−500,000$8,225,000→ 1,026,332 total(indirect: See footnotes)
Footnotes (4)
- [F1]Represent shares of Asure Software Inc.'s (the "Issuer") common stock sold in an underwritten secondary offering.
- [F2]Represents the sale price to the underwriters in the secondary offering of $16.45 per share.
- [F3]These shares are held directly by iSystems Holdings, LLC. ("Holdings"). Silver Oak iSystems, LLC ("iSystems LLC") is the owner of a controlling interest in Holdings and has the right to appoint a majority of the managers of Holdings. Silver Oak Services Partners II, L.P. ("SOSP II") is the sole member of iSystems LLC. Silver Oak Management II, L.P. ("SOM II") is the general partner of SOSP II. Silver Oak Services Partners, LLC ("SOSP LLC") is the general partner of SOM II. Daniel M. Gill and Gregory M. Barr are the sole members of SOSP LLC, each owning a 50% interest in SOSP LLC, who acting together, have the power to direct the decisions of SOSP II regarding the vote and disposition of securities held directly by Holdings. Consequently, Mr. Gill may be deemed to be an indirect beneficial owner of the shares held directly by Holdings. Mr. Gill expressly disclaims beneficial ownership of shares held directly by Holdings, except to the extent of his pecuniary interest therein.
- [F4]As a result of this transaction, Holdings, iSystems LLC, SOSP II, SOM II, SOSP LLC and Mr. Barr have direct or indirect ownership of the Issuer of less than 10% and are no longer subject to Section 16 reporting with respect to the Issuer. Holdings, iSystems LLC, SOSP II, SOM II, SOSP LLC and Mr. Barr are filing a separate Form 4 for this transaction. Mr. Gill continues to be subject to Section 16 reporting in his capacity as a Director of the Issuer.
Documents
Issuer
ASURE SOFTWARE INC
CIK 0000884144
Entity typeother
Related Parties
1- filerCIK 0001038735
Filing Metadata
- Form type
- 4
- Filed
- Jun 17, 8:00 PM ET
- Accepted
- Jun 18, 4:37 PM ET
- Size
- 6.9 KB