4//SEC Filing
ISYSTEMS HOLDINGS, LLC 4
Accession 0000899243-18-017018
CIK 0000884144other
Filed
Jun 17, 8:00 PM ET
Accepted
Jun 18, 4:53 PM ET
Size
15.3 KB
Accession
0000899243-18-017018
Insider Transaction Report
Form 4
SILVER OAK ISYSTEMS, LLC
10% Owner
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)
ISYSTEMS HOLDINGS, LLC
10% Owner
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)
SILVER OAK SERVICES PARTNERS, LLC
10% Owner
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)
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)
SILVER OAK MANAGEMENT II, L.P.
10% Owner
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)
BARR GREGORY M
10% Owner
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 (5)
- [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.
- [F4](Continued from footnote 3) Consequently, iSystems LLC, SOSP II, SOM II, SOSP LLC, Mr. Gill and Mr. Barr may be deemed to be an indirect beneficial owner of the shares held directly by Holdings. iSystems LLC, SOSP II, SOM II, SOSP LLC, Mr. Gill and Mr. Barr expressly disclaim beneficial ownership of shares held directly by Holdings, except to the extent of their respective pecuniary interests therein.
- [F5]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. Mr. Gill continues to be subject to Section 16 reporting in his capacity as a Director of the Issuer. Mr. Gill is filing a separate Form 4 for this transaction.
Documents
Issuer
ASURE SOFTWARE INC
CIK 0000884144
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001708299
Filing Metadata
- Form type
- 4
- Filed
- Jun 17, 8:00 PM ET
- Accepted
- Jun 18, 4:53 PM ET
- Size
- 15.3 KB