STERRETT MALCOLM M B 4
4 · TELOS CORP · Filed May 2, 2006
Insider Transaction Report
Form 4
TELOS CORPTLSRP
STERRETT MALCOLM M B
Director
Transactions
- Award
Stock option (right to buy)
2001-05-23+10,000→ 10,000 totalExercise: $1.00From: 2001-05-23Exp: 2011-05-23→ Class A Common Stock (10,000 underlying) - Award
Stock option (right to buy)
2004-08-18+10,000→ 10,000 totalExercise: $0.06From: 2004-08-18Exp: 2014-08-18→ Class A Common Stock (10,000 underlying)
Footnotes (2)
- [F1]The option was exercisable in five equal annual installments. The first installment became exercisable on 5/23/01; the second installment became exercisable on 5/23/02; the third installment became exercisable on 5/23/03; the fourth installment became exercisable on 5/23/04; the fifth installment became exercisable on 5/23/05.
- [F2]The option is exercisable in three annual installments. The first installment (60%) became exercisable on 8/18/04; the second installment (20%) became exercisable on 8/18/05; the third installment (20%) will become exercisable on 8/18/06.