4//SEC Filing
BARNHILL ROBERT B JR 4
Accession 0001179110-19-005934
CIK 0000927355other
Filed
May 12, 8:00 PM ET
Accepted
May 13, 4:50 PM ET
Size
10.6 KB
Accession
0001179110-19-005934
Insider Transaction Report
Form 4
BARNHILL ROBERT B JR
DirectorCEO, President10% Owner
Transactions
- Exercise/Conversion
Common Stock
2019-05-10+750→ 1,619,560 total - Award
Common Stock
2019-05-10+3,000→ 1,622,560 total - Exercise/Conversion
Restricted Share Unit
2019-05-10−750→ 1,500 total→ Common Stock (750 underlying)
Footnotes (5)
- [F1]A Restricted Share Unit, sometimes referred to as a Restricted Stock Unit or RSU, represents the conditional right to receive one share of Common Stock. RSUs granted in May 2017 resulted in the right to receive 3,000 shares of Common Stock. The RSUs 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 persons continued employment or association with the Issuer on the date such shares of Common Stock are to be issued.
- [F2]Reflects Common Stock covered by Restricted Share Units, sometimes referred to as RSUs, representing the conditional right to receive one share of Common Stock. RSUs are subject to time vesting but not performance vesting. RSUs for 3,000 shares of Common Stock granted May 10, 2019 will vest and the underlying shares of Common Stock will be issued in equal annual installments of 750 shares commencing on or about May 1, 2020, 2021, 2022 and 2023, generally subject to the reporting persons continued association with the Issuer on the date such shares of Common Stock are to be issued. Reporting Person has elected to report the shares of Common Stock as an award in Table I instead of reporting the award of the RSUs in Table II, as was done in respect of RSU awards made prior to 2018.
- [F3]1 for 1.
- [F4]A Restricted Share Unit, sometimes referred to as a Restricted Stock Unit or RSU, represents the conditional right to receive one share of Common Stock. RSUs are subject to time vesting but not performance vesting. These RSUs granted in May 2017 vest and the underlying shares of Common Stock will be issued in equal annual installments of 750 shares commencing on or about May 1, 2018, 2019, 2020 and 2021, generally subject to the reporting persons continued association with the Issuer on the date such shares of Common Stock are to be issued. The reporting person was associated with the Issuer on May 10, 2018, resulting in the vesting and issuance of 750 of the 3,000 shares of Common Stock covered by the RSU. The reporting person was associated with the Issuer on May 10, 2019, resulting in the vesting and issuance of another 750 shares of Common Stock covered by the RSU. The remaining 1,500 remain subject to issuance upon future vesting.
- [F5]All shares are owned directly or in a revocable trust of the reporting person, except for the following shares, which are owned indirectly: 325,500 that are owned by the Reporting Person's spouse and children and 21,500 shares held by a charitable trust.
Documents
Issuer
TESSCO TECHNOLOGIES INC
CIK 0000927355
Entity typeother
Related Parties
1- filerCIK 0000941885
Filing Metadata
- Form type
- 4
- Filed
- May 12, 8:00 PM ET
- Accepted
- May 13, 4:50 PM ET
- Size
- 10.6 KB