4//SEC Filing
Wright Murray N 4
Accession 0001179110-19-005935
CIK 0000927355other
Filed
May 12, 8:00 PM ET
Accepted
May 13, 4:50 PM ET
Size
16.2 KB
Accession
0001179110-19-005935
Insider Transaction Report
Form 4
Wright Murray N
DirectorPresident and CEO
Transactions
- Exercise/Conversion
Common Stock
2019-05-10+1,875→ 4,783 total - Exercise/Conversion
Performance Share Unit
2019-05-10−1,563→ 8,437 total→ Common Stock (1,563 underlying) - Exercise/Conversion
Common Stock
2019-05-10+1,563→ 6,346 total - Tax Payment
Common Stock
2019-05-10−1,128→ 5,218 total - Exercise/Conversion
Performance Share Unit
2019-05-10−1,875→ 3,750 total→ Common Stock (1,875 underlying) - Award
Performance Share Unit
2019-05-10+6,250→ 10,000 total→ Common Stock (6,250 underlying)
Footnotes (7)
- [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 7,500 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]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 2018 resulted in the earning, with respect to the fiscal year ended March 2019 and based on the extent to which certain performance criteria were satisfied during fiscal year 2019, of the right to receive 3,125 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, 2019, 2020, 2021 and 2022, 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]$18.03 closing market price on May 10, 2019.
- [F4]1 for 1.
- [F5]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 7,500 shares of Common Stock. The reporting person was associated with the Issuer on May 10, 2018, resulting in the vesting and issuance of 1,875 of the 7,500 shares of Common Stock so earned. On May 10, 2019, the reporting person continued to be associated with the Issuer, resulting in the vesting and issuance of another 1,875 shares of Common Stock so earned. The remaining 3,750 shares have been earned, but are not yet vested.
- [F6]In respect of the PSUs granted in May 2018 with respect to fiscal year 2019, on May 10, 2019, the reporting person earned the right to receive 6,250 shares of Common Stock. The reporting person was associated with the Issuer on May 10, 2019, resulting in the vesting and issuance of 1,563 of the 6,250 shares of Common Stock so earned. The remaining 4,687 shares have been earned, but are not yet vested.
- [F7]All shares are owned directly, except for 648 shares which are owned indirectly, through 401(k) plan.
Documents
Issuer
TESSCO TECHNOLOGIES INC
CIK 0000927355
Entity typeother
Related Parties
1- filerCIK 0001489395
Filing Metadata
- Form type
- 4
- Filed
- May 12, 8:00 PM ET
- Accepted
- May 13, 4:50 PM ET
- Size
- 16.2 KB