TELECOMMUNICATION SYSTEMS INC /FA/ 4
4 · TELECOMMUNICATION SYSTEMS INC /FA/ · Filed Feb 24, 2016
Insider Transaction Report
Form 4
TOSE MAURICE B
DirectorChairman, President & CEO10% Owner
Transactions
- Disposition to Issuer
Stock Option
2016-02-23$5.00/sh−375,000$1,875,000→ 1,352,445 totalExercise: $3.69From: 2010-02-06Exp: 2017-02-06→ Class A Common Stock (375,000 underlying) - Disposition to Issuer
Stock Option
2016-02-23$5.00/sh−25,000$125,000→ 695,000 totalExercise: $2.21From: 2016-02-23Exp: 2024-02-14→ Class A Common Stock (25,000 underlying) - Disposition to Issuer
Stock Option
2016-02-23−200,000→ 0 totalExercise: $8.17From: 2013-02-08Exp: 2020-02-08→ Class A Common Stock (200,000 underlying) - Disposition to Issuer
Class B Common Stock
2016-02-23$5.00/sh−215,753$1,078,765→ 0 total(indirect: By Trust)→ Class A Common Stock (215,753 underlying) - Disposition to Issuer
Stock Option
2016-02-23$5.00/sh−284,990$1,424,950→ 1,727,445 totalExercise: $2.39From: 2009-03-08Exp: 2016-03-08→ Class A Common Stock (284,990 underlying) - Disposition to Issuer
Stock Option
2016-02-23$5.00/sh−133,425$667,125→ 819,020 totalExercise: $4.35From: 2014-02-09Exp: 2021-02-09→ Class A Common Stock (133,425 underlying) - Disposition to Issuer
Stock Option
2016-02-23$5.00/sh−45,000$225,000→ 720,000 totalExercise: $2.37From: 2016-02-08Exp: 2023-02-08→ Class A Common Stock (45,000 underlying) - Disposition from Tender
Class A Common Stock
2016-02-23$5.00/sh−229,995$1,149,975→ 0 total(indirect: By Spouse) - Disposition to Issuer
Class B Common Stock
2016-02-23$5.00/sh−4,418,210$22,091,050→ 0 total→ Class A Common Stock (4,418,210 underlying) - Disposition from Tender
Class A Common Stock
2016-02-23$5.00/sh−276,669$1,383,345→ 0 total - Disposition to Issuer
Stock Option
2016-02-23$5.00/sh−400,000$2,000,000→ 952,445 totalExercise: $3.09From: 2011-01-28Exp: 2018-01-28→ Class A Common Stock (400,000 underlying) - Disposition to Issuer
Stock Option
2016-02-23$5.00/sh−54,020$270,100→ 765,000 totalExercise: $2.84From: 2015-02-09Exp: 2022-02-09→ Class A Common Stock (54,020 underlying) - Disposition to Issuer
Stock Option
2016-02-23$5.00/sh−295,000$1,475,000→ 400,000 totalExercise: $3.61From: 2016-02-23Exp: 2025-03-26→ Class A Common Stock (295,000 underlying) - Disposition to Issuer
Class B Common Stock
2016-02-23$5.00/sh−167,282$836,410→ 0 total(indirect: By Children)→ Class A Common Stock (167,282 underlying) - Disposition to Issuer
Stock Option
2016-02-23−200,000→ 200,000 totalExercise: $7.95From: 2012-03-02Exp: 2019-03-02→ Class A Common Stock (200,000 underlying)
Footnotes (4)
- [F1]These shares were held by Mr. Tose's spouse. Mr. Tose disclaimed beneficial ownership of these securities, and this report shall not be deemed an admission that the Mr. Tose was 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 were held in an irrevocable trust for the benefit of Reporting Person's children. Reporting Person is the settlor and Reporting Person's spouse is the trustee of the trust. Reporting Person disclaimed beneficial ownership of these securities, and this report shall not be deemed an admission that Reporting Person was the beneficial owner of such securities for the purposes of Section 16 or any other purpose.
- [F4]These shares were held by Mr. Tose's children. Mr. Tose disclaimed beneficial ownership of these securities, and this report shall not be deemed an admission that Mr. Tose was the beneficial owner of such securities for the purposes of Section 16 or any other purpose.