TELECOMMUNICATION SYSTEMS INC /FA/ 4
4 · TELECOMMUNICATION SYSTEMS INC /FA/ · Filed May 20, 2015
Insider Transaction Report
Form 4
TOSE MAURICE B
DirectorChairman, President & CEO10% Owner
Transactions
- Sale
Class A Common Stock
2015-05-18$3.25/sh−31,233$101,417→ 334,511 total - Exercise/Conversion
Class A Common Stock
2015-05-19$2.52/sh+266,855$672,475→ 532,599 total - Exercise/Conversion
Option (Right to Buy)
2015-05-19$2.52/sh−266,855$672,475→ 2,012,435 totalExercise: $2.52From: 2008-06-09Exp: 2015-06-09→ Class A Common Stock (266,855 underlying) - Tax Payment
Class A Common Stock
2015-05-19$3.25/sh−237,065$770,461→ 295,534 total - Gift
Class B Common Stock
2015-05-19−25,842→ 4,418,210 total→ Class A Common Stock (25,842 underlying) - Sale
Class A Common Stock
2015-05-19$3.25/sh−68,767$223,603→ 265,744 total - Gift
Class B Common Stock
2015-05-19+25,842→ 167,282 total(indirect: By Children)→ Class A Common Stock (25,842 underlying)
Holdings
- 215,753(indirect: By Trust)
Class B Common Stock
→ Class A Common Stock (215,753 underlying) - 229,995(indirect: By Spouse)
Class A Common Stock
Footnotes (4)
- [F1]These shares are held by Mr. Tose's spouse. Mr. Tose disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the Mr. Tose is the beneficial owner of such securities for purposes of Section 16 or any other purpose.
- [F2]The shares of Class B Common Stock are convertible, at any time, at the option of the holder, into shares of Class A Common Stock on a one-for-one basis.
- [F3]These shares are held by Mr. Tose's children. Mr. Tose disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that Mr. Tose is the beneficial owner of such securities for the purposes of Section 16 or any other purpose.
- [F4]These shares are held in an irrevocable trust for the benefit of Mr. Tose's children. Mr. Tose is the settlor and Mr. Tose's spouse is the trustee of the trust. Mr. Tose disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that Mr. Tose is the beneficial owner of such securities for the purposes of Section 16 or any other purpose.