4//SEC Filing
Nakazawa Michele 4
Accession 0001567619-21-001838
CIK 0000320121other
Filed
Jan 31, 7:00 PM ET
Accepted
Feb 1, 2:41 PM ET
Size
11.4 KB
Accession
0001567619-21-001838
Insider Transaction Report
Form 4
TELOS CORPTLS
Nakazawa Michele
EVP, CFO
Transactions
- Award
Common Stock
2021-01-28+36,179→ 537,377 total - Award
Performance-Based RSUs
2021-01-28+36,179→ 36,179 totalExp: 2023-12-31→ Common Stock (36,179 underlying) - Award
Common Stock
2021-01-28+50,000→ 587,377 total
Holdings
- 126,105(indirect: By 401(k))
Common Stock
- 840,000(indirect: By LLC)
Common Stock
Footnotes (4)
- [F1]These shares of common stock represent restricted share units granted pursuant to an award agreement between the reporting person and the Issuer and are subject to forfeiture. The restricted share units awarded will vest and be settled in shares of Issuer common stock in installments as follows: (1) 30% will vest on January 21, 2022, (2) 30% will vest on January 20, 2023, and (3) 40% will vest on January 19, 2024.
- [F2]These shares of common stock represent restricted share units granted pursuant to an award agreement between the reporting person and the Issuer and are subject to forfeiture. The restricted share units awarded will vest and be settled in shares of Issuer common stock in installments as follows: (1) 50% will vest on January 21, 2022, and (2) 50% will vest on January 20, 2023.
- [F3]The shares are held by Nakazawa Family Investments, LLC, a limited liability company of which the reporting person and her spouse are the managers and of which the reporting person, her spouse, and certain family trusts are the only members. The reporting person disclaims beneficial ownership of the securities and the filing of the report is not an admission that the reporting person is the beneficial owner of the securities for the purpose of Section 16 or otherwise.
- [F4]Each performance-based RSU represents a contingent right to receive one share of Issuer common stock. The performance-based RSUs will vest and be settled in shares of Issuer common stock upon Issuer's common stock (a) trading at or above a market price of $42.50 per share as reported by the NASDAQ Global Market for 20 of 30 consecutive trading days before December 31, 2023, or (b) having a weighted average market price of $42.50 per share as reported by the NASDAQ Global Market over any 30 consecutive trading days before December 31, 2023.
Documents
Issuer
TELOS CORP
CIK 0000320121
Entity typeother
Related Parties
1- filerCIK 0001356840
Filing Metadata
- Form type
- 4
- Filed
- Jan 31, 7:00 PM ET
- Accepted
- Feb 1, 2:41 PM ET
- Size
- 11.4 KB