4//SEC Filing
Oldham Craig A. 4
Accession 0001179110-17-011338
CIK 0000927355other
Filed
Aug 9, 8:00 PM ET
Accepted
Aug 10, 5:03 PM ET
Size
6.5 KB
Accession
0001179110-17-011338
Insider Transaction Report
Form 4
Oldham Craig A.
Senior Vice President
Transactions
- Award
Restricted Stock Unit (RSU)
2017-08-08+4,000→ 4,000 total→ Common Stock (4,000 underlying)
Footnotes (3)
- [F1]Each Restricted Stock Unit (or RSU) represents a conditional right to receive one share of TESSCO Technologies Incorporated common stock.
- [F2]Subject to the more detailed terms of the applicable Restricted Stock Unit Agreement, the number of shares of common stock "earned" from time to time is determined by multiplying the number of RSUs covered by the award by a fraction, the numerator of which is the amount of cumulative dividends (regular, ordinary and special) declared and paid (or under certain circumstances deemed declared and paid), if any, on the Common Stock over an earnings period of up to four years, and the denominator of which is $3.20. Any shares "earned" (or deemed earned) are then paid upon the fourth anniversary of the award date or upon certain earlier events, provided that the reporting person then remains employed by the Corporation. In no event may more shares of common stock be issued than the number of RSUs awarded. Upon termination of employment for Cause, or voluntarily by the Reporting Person (other than in the case of Disability), all "earned" shares are forfeited.
- [F3]By filing this Form 4, the Reporting Person does not admit that the RSUs referenced here are derivative securities or that filing of this Form 4 was required at this time.
Documents
Issuer
TESSCO TECHNOLOGIES INC
CIK 0000927355
Entity typeother
Related Parties
1- filerCIK 0001649411
Filing Metadata
- Form type
- 4
- Filed
- Aug 9, 8:00 PM ET
- Accepted
- Aug 10, 5:03 PM ET
- Size
- 6.5 KB