4//SEC Filing
Spitulnik Aric 4
Accession 0001179110-20-006340
CIK 0000927355other
Filed
May 18, 8:00 PM ET
Accepted
May 19, 6:02 PM ET
Size
9.4 KB
Accession
0001179110-20-006340
Insider Transaction Report
Form 4
Spitulnik Aric
Sec./Prin. Acct. Officer
Transactions
- Exercise/Conversion
Common Stock
2020-05-15+4,218→ 26,077 total - Tax Payment
Common Stock
2020-05-15−646→ 25,431 total - Award
Employee Stock Option
2020-05-15+20,000→ 20,000 totalExercise: $4.36Exp: 2026-05-15→ Common Stock (20,000 underlying)
Footnotes (4)
- [F1]Reflects 1719 shares earned and vested (issued) as of May 15, 2020 in respect of Performance Stock Units (or PSUs) previously awarded for performance years fiscal 2018 and 2019; 1717 shares earned but not yet vested in respect of PSUs awarded for performance years fiscal 2018 and 2019, which vest and will be issued in May 2021; and 782 shares earned but not yet vested in respect of PSUs awarded for performance year fiscal 2019, to be issued in May 2022; subject to continued association as per below. The Reporting Person previously reported PSUs earned for performance years fiscal 2018 and 2019 in Table II and has now elected to report in Table I. PSUs are awarded for a given performance year and earned insofar as applicable performance metrics are satisfied, whereupon 25% of the shares earned are issued and the remaining 75% are issued in three subsequent equal annual installments, provided the Reporting Person remains associated with Issuer on the applicable date.
- [F2]$4.36 closing market price on May 15, 2020.
- [F3]All shares are owned directly, except for 2,344 shares which are owned indirectly, through the TESSCO Technologies 401(k) plan, 4,143 shares owned indirectly through the TESSCO Team Member Stock Purchase Plan, and 2,499 shares which are the subject of PSUs awarded for performance years fiscal 2018 and 2019 PSUs earned but not yet vested.
- [F4]The options 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 0001563410
Filing Metadata
- Form type
- 4
- Filed
- May 18, 8:00 PM ET
- Accepted
- May 19, 6:02 PM ET
- Size
- 9.4 KB