Eriksen Howard Timothy 4
4 · TSR INC · Filed Nov 18, 2022
Insider Transaction Report
Form 4
TSR INCTSRI
Eriksen Howard Timothy
Director
Transactions
- Purchase
Common Stock, $0.01 par value
2022-11-17$7.84/sh+823$6,452→ 27,623 total - Purchase
Common Stock, $0.01 par value
2022-11-18$7.80/sh+1,481$11,552→ 29,104 total
Holdings
- 8,041(indirect: See footnote)
Common Stock, $0.01 par value
Footnotes (2)
- [F1]Mr. Eriksen is the Managing Member of Eriksen Capital Management ("ECM") which manages separately managed accounts ("SMAs") and is also the Managing Member of Cedar Creek Partners, an investment partenrship. ECM executed open market purchases for shares of common stock in various SMAs, including shares for accounts of adult children of Mr. Eriksen. The respective owners of the SMAs are responsible to vote the shares. The reporting person disclaims benefiical ownership of the reported securities except to the extent of his pecuniary interest therein.
- [F2]These shares are owned solely by Mr. Eriksen. 26,800 shares represent restricted stock awards granted under the TSR, Inc. 2020 Equity Incentive Plan. Of these shares, 6,800 are fully vested and 20,000 of these shares of restricted stock will remain subject to forfeiture for three years from the grant date. The lapse of the forfeiture restrictions is conditioned on the reporting person continuing to provide services to TSR, Inc. (the "Company") through each vesting date.