TELECOMMUNICATION SYSTEMS INC /FA/ 4
4 · TELECOMMUNICATION SYSTEMS INC /FA/ · Filed Feb 24, 2016
Insider Transaction Report
Form 4
Kutler Jon B
Director
Transactions
- Disposition from Tender
Class A Common Stock
2016-02-23$5.00/sh−2,400,000$12,000,000→ 0 total(indirect: By Trust) - Disposition from Tender
Class A Common Stock
2016-02-23$5.00/sh−89,988$449,940→ 3,429 total - Disposition from Tender
Class A Common Stock
2016-02-23$5.00/sh−600,000$3,000,000→ 0 total(indirect: By Trust) - Disposition to Issuer
Class A Common Stock
2016-02-23−3,429→ 0 total
Footnotes (2)
- [F1]These shares are held in an irrevocable trust for the benefit of the Reporting Person's child. Reporting Person is the settlor and the Reporting Person's spouse is the trustee of the trust. 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.
- [F2]These shares are owned by Admiralty Partners, Inc., of which Reporting Person and Reporting Person's spouse are directors and which is wholly owned by a trust of which Reporting Person and Reporting Person's spouse are co-trustees. 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.