4//SEC Filing
TESSCO TECHNOLOGIES INC 4
Accession 0001140361-15-019220
CIK 0000927355operating
Filed
May 11, 8:00 PM ET
Accepted
May 12, 7:37 PM ET
Size
20.1 KB
Accession
0001140361-15-019220
Insider Transaction Report
Form 4
Tofighi Said
Sr Vice President
Transactions
- Exercise/Conversion
Common Stock
2015-05-11+1,576→ 26,775 total - Exercise/Conversion
Common Stock
2015-05-11+2,616→ 25,199 total - Tax Payment
Common Stock
2015-05-11−3,468→ 23,307 total - Exercise/Conversion
Common Stock
2015-05-11+6,000→ 22,583 total - Exercise/Conversion
Performance Share Unit
2015-05-11−6,000→ 9,960 total→ Common Stock (6,000 underlying) - Exercise/Conversion
Performance Share Unit
2015-05-11−1,576→ 5,768 total→ Common Stock (1,576 underlying) - Exercise/Conversion
Performance Share Unit
2015-05-11−2,616→ 7,344 total→ Common Stock (2,616 underlying)
Footnotes (9)
- [F1]A Performance Share Unit, sometimes referred to as a Performance Stock Unit or PSU, represents the conditional right to receive one share of Common Stock. PSUs granted in April 2011 resulted in the earning, with respect to the fiscal year ended March 2012 and based on the extent to which certain performance criteria were satisfied during fiscal year 2012, of the right to receive 24,000 shares of Common Stock. Once earned, the PSUs vest and are paid through the issuance of shares of Common Stock in four approximately equal annual installments commencing on or about May 1, 2012, 2013, 2014 and 2015, subject to the reporting person's continued employment or association with the Issuer on the date such shares of Common Stock are to be issued.
- [F2]A Performance Share Unit, sometimes referred to as a Performance Stock Unit or PSU, represents the conditional right to receive one share of Common Stock. PSUs granted in April 2012 resulted in the earning, with respect to the fiscal year ended March 2013 and based on the extent to which certain performance criteria were satisfied during fiscal year 2013, of the right to receive 10,465 shares of Common Stock. Once earned, the PSUs vest and are paid through the issuance of shares of Common Stock in four approximately equal annual installments commencing on or about May 1, 2013, 2014, 2015 and 2016, subject to the reporting person's continued employment or association with the Issuer on the date such shares of Common Stock are to be issued.
- [F3]A Performance Share Unit, sometimes referred to as a Performance Stock Unit or PSU, represents the conditional right to receive one share of Common Stock. PSUs granted in April 2013 resulted in the earning, with respect to the fiscal year ended March 2014 and based on the extent to which certain performance criteria were satisfied during fiscal year 2014, of the right to receive 6,305 shares of Common Stock. Once earned, the PSUs vest and are paid through the issuance of shares of Common Stock in four approximately equal annual installments commencing on or about May 1, 2014, 2015, 2016 and 2017, subject to the reporting person's continued employment or association with the Issuer on the date such shares of Common Stock are to be issued.
- [F4]$24.15 -- closing market price on May 11, 2015.
- [F5]1 for 1
- [F6]In respect of the PSUs granted in April 2011 with respect to fiscal year 2012, on May 3, 2012, the reporting person earned the right to receive 24,000 shares of Common Stock. The reporting person was associated with the Issuer on May 3, 2012, resulting in the vesting and issuance of 6,000 of the 24,000 shares of Common Stock so earned. On May 14, 2013, the reporting person continued to be associated with the Issuer, resulting in the vesting and issuance of another 6,000 shares of Common Stock so earned. On May 8, 2014, the reporting person continued to be associated with the Issuer, resulting in the vesting and issuance of another 6,000 shares of Common Stock so earned. On May 11, 2015, the reporting person continued to be associated with the Issuer, resulting in the vesting and issuance of the remaining 6,000 shares of Common Stock so earned.
- [F7]In respect of the PSUs granted in April 2012 with respect to fiscal year 2013, on May 14, 2013, the reporting person earned the right to receive 10,463 shares of Common Stock. The reporting person was associated with the Issuer on May 14, 2013, resulting in the vesting and issuance of 2,616 of the 10,463 shares of Common Stock so earned. On May 8, 2014, the reporting person continued to be associated with the Issuer, resulting in the vesting and issuance of another 2,616 shares of Common Stock so earned. On May 11, 2015, the reporting person continued to be associated with the Issuer, resulting in the vesting and issuance of another 2,616 shares of Common Stock so earned. The remaining 2,615 shares have been earned, but are not yet vested.
- [F8]In respect of the PSUs granted in April 2013 with respect to fiscal year 2014, on May 8, 2014, the reporting person earned the right to receive 6,305 shares of Common Stock. The reporting person was associated with the Issuer on May 8, 2014, resulting in the vesting and issuance of 1,576 of the 6,305 shares of Common Stock so earned. On May 11, 2015, the reporting person continued to be associated with the Issuer, resulting in the vesting and issuance of another 1,576 shares of Common Stock so earned. The remaining 3,153 shares have been earned, but are not yet vested.
- [F9]All shares are owned directly, except for 389 shares which are owned indirectly, through 401(k) plan.
Documents
Issuer
TESSCO TECHNOLOGIES INC
CIK 0000927355
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000927355
Filing Metadata
- Form type
- 4
- Filed
- May 11, 8:00 PM ET
- Accepted
- May 12, 7:37 PM ET
- Size
- 20.1 KB