Ownership Submission
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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  ISYSTEMS HOLDINGS, LLC
2. Date of Event Requiring Statement (Month/Day/Year)
05/25/2017
3. Issuer Name and Ticker or Trading Symbol
ASURE SOFTWARE INC [ASUR]
(Last)
(First)
(Middle)
C/O SILVER OAK SERVICES PARTNERS LLC, 1560 SHERMAN AVENUE, SUITE 1200
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 Original Filed(Month/Day/Year)
(Street)

EVANSTON, IL 60201
6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
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
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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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 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

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
ISYSTEMS HOLDINGS, LLC
C/O SILVER OAK SERVICES PARTNERS LLC
1560 SHERMAN AVENUE, SUITE 1200
EVANSTON, IL 60201
    X    
GILL DANIEL M
1560 SHERMAN AVENUE, SUITE 1200
EVANSTON, IL 60201
    X    
BARR GREGORY M

 
    X    
SILVER OAK SERVICES PARTNERS, LLC
1560 SHERMAN AVENUE
SUITE 1200
EVANSTON, IL 60201
    X    
SILVER OAK MANAGEMENT II, L.P.
1560 SHERMAN AVENUE
SUITE 1200
EVANSTON, IL 60201
    X    
SILVER OAK SERVICES PARTNERS II, L.P.
1560 SHERMAN AVENUE
SUITE 1200
EVANSTON, IL 60201
    X    
SILVER OAK ISYSTEMS, LLC
1560 SHERMAN AVENUE
SUITE 1200
EVANSTON, IL 60201
    X    

Signatures

iSystems Holdings, LLC, By: /s/ Daniel M. Gill, President 06/02/2017
**Signature of Reporting Person Date

Silver Oak Services Partners, LLC, By: /s/ Daniel M. Gill, Managing Partner 06/02/2017
**Signature of Reporting Person Date

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

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
**Signature of Reporting Person Date

Silver Oak iSystems, LLC, By: /s/ Daniel M. Gill, President 06/02/2017
**Signature of Reporting Person Date

/s/ Daniel M. Gill 06/02/2017
**Signature of Reporting Person Date

/s/ Gregory M. Barr 06/02/2017
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(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.

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