TELECOMMUNICATION SYSTEMS INC /FA/ 4
4 · TELECOMMUNICATION SYSTEMS INC /FA/ · Filed Jun 4, 2015
Insider Transaction Report
Form 4
LORELLO TIMOTHY JAMES
Sr. VP & CMO
Transactions
- Exercise of In-Money
Class A Common Stock
2015-06-02$2.52/sh+55,400$139,608→ 218,608 total - Tax Payment
Class A Common Stock
2015-06-02$3.20/sh−47,421$151,747→ 171,187 total - Exercise of In-Money
Option (Right to buy)
2015-06-02$2.52/sh−55,400$139,608→ 418,949 totalExercise: $2.52From: 2008-06-09Exp: 2015-06-09→ Class A Common Stock (55,400 underlying)
Holdings
- 236,849(indirect: By Trust)
Class A Common Stock
Footnotes (1)
- [F1]These shares are held in an irrevocable trust for the benefit of the Reporting Person's spouse and children. The Reporting Person is the settlor and the Reporting Person's spouse is the trustee of the trust. The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or any other purpose.