4//SEC Filing
Kriete Charles 4
Accession 0001179110-18-006746
CIK 0000927355other
Filed
May 13, 8:00 PM ET
Accepted
May 14, 4:54 PM ET
Size
13.5 KB
Accession
0001179110-18-006746
Insider Transaction Report
Form 4
Kriete Charles
Senior Vice President
Transactions
- Exercise/Conversion
Common Stock
2018-05-10+938→ 2,067 total - Tax Payment
Common Stock
2018-05-10−306→ 1,761 total - Award
Performance Share Unit
2018-05-10+3,750→ 3,750 total→ Common Stock (3,750 underlying) - Exercise/Conversion
Performance Share Unit
2018-05-10−938→ 2,812 total→ Common Stock (938 underlying) - Award
Employee Stock Option
2018-05-10+10,000→ 10,000 totalExercise: $17.55Exp: 2024-05-10→ Common Stock (10,000 underlying)
Footnotes (6)
- [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 2017 resulted in the earning, with respect to the fiscal year ended March 2018 and based on the extent to which certain performance criteria were satisfied during fiscal year 2018, of the right to receive 3,750 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, 2018, 2019, 2020 and 2021, 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]1 for 1.
- [F3]In respect of the PSUs granted in May 2017 with respect to fiscal year 2018, on May 10, 2018, the reporting person earned the right to receive 3,750 shares of Common Stock. The reporting person was associated with the Issuer on May 10, 2018, resulting in the vesting and issuance of 938 of the 3,750 shares of Common Stock so earned. The remaining 2,812 shares have been earned, but are not yet vested.
- [F4]All shares are owned directly, except for 129 shares which are owned indirectly, through 401(k) plan.
- [F5]$17.55 closing market price on May 9, 2018.
- [F6]The options will vest 25% after 1 year and then the remainder vests 1/36 each month for 3 years
Documents
Issuer
TESSCO TECHNOLOGIES INC
CIK 0000927355
Entity typeother
Related Parties
1- filerCIK 0001695672
Filing Metadata
- Form type
- 4
- Filed
- May 13, 8:00 PM ET
- Accepted
- May 14, 4:54 PM ET
- Size
- 13.5 KB