GILL DANIEL M 4
4 · ASURE SOFTWARE INC · Filed Aug 28, 2018
Insider Transaction Report
Form 4
GILL DANIEL M
Director
Transactions
- Award
Common Stock, par value $0.01
2018-08-24+2,000→ 2,000 total - Award
Stock Options (Right to Buy)
2018-08-24+10,000→ 10,000 totalExercise: $14.32Exp: 2023-08-24→ Common Stock (10,000 underlying)
Holdings
- 1,026,332(indirect: See Footnote)
Common Stock, par value $0.01
Footnotes (3)
- [F1]Represents restricted stock units each having a contingent right to receive one share of the Asure Software Inc.'s common stock. The restricted stock units vest on March 31, 2019.
- [F2]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.
- [F3]The options vest on March 31, 2019.