4//SEC Filing
YOUNG DAVID M 4
Accession 0001179110-10-007509
CIK 0000927355other
Filed
Apr 27, 8:00 PM ET
Accepted
Apr 28, 6:22 PM ET
Size
21.7 KB
Accession
0001179110-10-007509
Insider Transaction Report
Form 4
YOUNG DAVID M
SVP, CFO and Secretary
Transactions
- Exercise/Conversion
Common Stock
2010-04-27+5,250→ 40,937 total - Exercise/Conversion
Common Stock
2010-04-27+5,000→ 45,937 total - Exercise/Conversion
Performance Share Unit
2010-04-27−5,000→ 25,000 total→ Common Stock (5,000 underlying) - Award
Performance Share Unit
2010-04-27+20,000→ 30,000 total→ Common Stock (20,000 underlying) - Exercise/Conversion
Common Stock
2010-04-27+5,000→ 50,937 total - Tax Payment
Common Stock
2010-04-27−5,190→ 45,747 total - Exercise/Conversion
Performance Share Unit
2010-04-27−5,250→ 15,000 total→ Common Stock (5,250 underlying) - Exercise/Conversion
Performance Share Unit
2010-04-27−5,000→ 10,000 total→ Common Stock (5,000 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 May 2006 resulted in the earning, with respect to the fiscal year ended March 2007 and based on the extent to which certain performance criteria were satisfied during fiscal year 2007, of the right to receive 21,000 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, 2007, 2008, 2009 and 2010, 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 2008 resulted in the earning, with respect to the fiscal year ended March 2009 and based on the extent to which certain performance criteria were satisfied during fiscal year 2009, of the right to receive 20,000 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, 2009, 2010, 2011 and 2012, 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 2009 resulted in the earning, with respect to the fiscal year ended March 2010 and based on the extent to which certain performance criteria were satisfied during fiscal year 2010, of the right to receive 20,000 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, 2010, 2011, 2012 and 2013, 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]$22.92 -- closing market price on April 27, 2010
- [F5]1 for 1
- [F6]In respect of the PSUs granted in May 2006 with respect to fiscal year 2007, on May 1, 2007, the reporting person earned the right to receive 21,000 shares of Common Stock. The reporting person was associated with the Issuer on May 1, 2007, resulting in the vesting and issuance of 5,250 of the 21,000 shares of Common Stock so earned. On April 28, 2008, the reporting person continued to be associated with the Issuer, resulting in the vesting and issuance of another 5,250 shares of Common Stock so earned. On April 28, 2009, the reporting person continued to be associated with the Issuer, resulting in the vesting and issuance of another 5,250 shares of Common Stock so earned. On April 27, 2010, the reporting person continued to be associated with the Issuer, resulting in the vesting and issuance of the remaining 5,250 shares of Common Stock so earned.
- [F7]In respect of the PSUs granted in April 2008 with respect to fiscal year 2009, on April 28, 2009, the reporting person earned the right to receive 20,000 shares of Common Stock. The reporting person was associated with the Issuer on April 28, 2009, resulting in the vesting and issuance of 5,000 of the 20,000 shares of Common Stock so earned. On April 27, 2010, the reporting person continued to be associated with the Issuer, resulting in the vesting and issuance of another 5,000 shares of Common Stock so earned. The remaining 10,000 shares have been earned, but are not yet vested.
- [F8]In respect of the PSUs granted in April 2009 with respect to fiscal year 2010, on April 27, 2010, the reporting person earned the right to receive 20,000 shares of Common Stock. The reporting person was associated with the Issuer on April 27, 2010, resulting in the vesting and issuance of 5,000 of the 20,000 shares of Common Stock so earned. The remaining 15,000 shares have been earned, but are not yet vested.
- [F9]All shares are owned directly, except for 865 shares which are owned indirectly, through 401(k) plan.
Documents
Issuer
TESSCO TECHNOLOGIES INC
CIK 0000927355
Entity typeother
Related Parties
1- filerCIK 0001284232
Filing Metadata
- Form type
- 4
- Filed
- Apr 27, 8:00 PM ET
- Accepted
- Apr 28, 6:22 PM ET
- Size
- 21.7 KB