SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* ISYSTEMS HOLDINGS, LLC (Last) (First) (Middle) C/O SILVER OAK SERVICES PARTNERS LLC 1560 SHERMAN AVENUE, SUITE 1200 (Street) EVANSTON IL 60201 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 05/25/2017	3. Issuer Name and Ticker or Trading Symbol ASURE SOFTWARE INC [ ASUR ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)	5. If Amendment, Date of Original Filed (Month/Day/Year)
			6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X 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)
Common Stock	1,526,332(1)(2)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: 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

1. Name and Address of Reporting Person* ISYSTEMS HOLDINGS, LLC (Last) (First) (Middle) C/O SILVER OAK SERVICES PARTNERS LLC 1560 SHERMAN AVENUE, SUITE 1200 (Street) EVANSTON IL 60201 (City) (State) (Zip)

1. Name and Address of Reporting Person* GILL DANIEL M (Last) (First) (Middle) 1560 SHERMAN AVENUE, SUITE 1200 (Street) EVANSTON IL 60201 (City) (State) (Zip)

1. Name and Address of Reporting Person* BARR GREGORY M (Last) (First) (Middle) (Street) (City) (State) (Zip)

1. Name and Address of Reporting Person* SILVER OAK SERVICES PARTNERS, LLC (Last) (First) (Middle) 1560 SHERMAN AVENUE SUITE 1200 (Street) EVANSTON IL 60201 (City) (State) (Zip)

1. Name and Address of Reporting Person* SILVER OAK MANAGEMENT II, L.P. (Last) (First) (Middle) 1560 SHERMAN AVENUE SUITE 1200 (Street) EVANSTON IL 60201 (City) (State) (Zip)

1. Name and Address of Reporting Person* SILVER OAK SERVICES PARTNERS II, L.P. (Last) (First) (Middle) 1560 SHERMAN AVENUE SUITE 1200 (Street) EVANSTON IL 60201 (City) (State) (Zip)

1. Name and Address of Reporting Person* SILVER OAK ISYSTEMS, LLC (Last) (First) (Middle) 1560 SHERMAN AVENUE SUITE 1200 (Street) EVANSTON IL 60201 (City) (State) (Zip)

Explanation of Responses:

1. 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.

2. (Continued from footnote 1) As such, iSystems LLC, SOSP II, SOM II, SOSP LLC, Mr. Gill and Mr. Barr may be deemed to be indirect beneficial owners of the shares held directly by Holdings. Each of 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.

Remarks:

	iSystems Holdings, LLC, By: /s/ Daniel M. Gill, President	06/02/2017
	Silver Oak Services Partners, LLC, By: /s/ Daniel M. Gill, Managing Partner	06/02/2017
	Silver Oak Management II, L.P., By: Silver Oak Services Partners, LLC, its GP, By: /s/ Daniel M. Gill, Managing Partner	06/02/2017
	Silver Oak Services Partners II, L.P., By: Silver Oak Management II, L.P., its GP, By: Silver Oak Services Partners, LLC, its GP, By: /s/ Daniel M. Gill, Managing Partner	06/02/2017
	Silver Oak iSystems, LLC, By: /s/ Daniel M. Gill, President	06/02/2017
	/s/ Daniel M. Gill	06/02/2017
	/s/ Gregory M. Barr	06/02/2017
	** Signature of Reporting Person	Date
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