Asure Software Inc.
ASURE SOFTWARE INC (Form: 3, Received: 09/07/2016 10:33:41)
FORM 3
        
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Karbowski James Joseph

2. Date of Event Requiring Statement (MM/DD/YYYY)
9/2/2016 

3. Issuer Name and Ticker or Trading Symbol

ASURE SOFTWARE INC [ASUR]

(Last)        (First)        (Middle)

2413 PINE HILL CT.

4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                            _____ 10% Owner
___ X ___ Officer (give title below)          _____ Other (specify below)
COO/CTO /

(Street)

TRAVERSE CITY, MI 49686       

(City)              (State)              (Zip)
5. If Amendment, Date Original Filed (MM/DD/YYYY)

 

6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person


Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Asure Software, Inc. Common Stock ($0.01 par value)   10000   D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(MM/DD/YYYY)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Options (Right to Buy)   7/27/2016   7/27/2017   Common Stock ($0.01 par value)   10000   $6.42   D    
Employee Stock Options (Right to Buy)     (1) 7/3/2019   Common Stock ($0.01 par value)   50000   $6.04   D    
Employee Stock Options (Right to Buy)     (2) 4/12/2021   Common Stock ($0.01 par value)   20000   $5.31   D    

Explanation of Responses:
( 1)  Such options shall vest over a 4 year period such that 25% of the shares shall vest on each anniversary date following issuance.
( 2)  Such options shall vest over a 3 year period following issuance such that 1/3 of the shares shall vest on 4/12/2017 and an additional 8.33% shall vest each three (3) months thereafter.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Karbowski James Joseph
2413 PINE HILL CT.
TRAVERSE CITY, MI 49686


COO/CTO

Signatures
/s/ Joe Karbowski 9/7/2016
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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