4//SEC Filing
Easley David S 4
Accession 0001567619-21-006905
CIK 0000320121other
Filed
Mar 23, 8:00 PM ET
Accepted
Mar 24, 7:48 PM ET
Size
16.2 KB
Accession
0001567619-21-006905
Insider Transaction Report
Form 4
TELOS CORPTLS
Easley David S
Controller, VP of Acc
Transactions
- Gift
Common Stock
2021-03-22−261,699→ 170,818 total - Gift
Common Stock
2021-03-22+133,467→ 133,467 total(indirect: By Spouse) - Gift
Common Stock
2021-03-22−133,467→ 0 total(indirect: By Spouse) - Gift
Common Stock
2021-03-22+133,467→ 261,699 total(indirect: By LLC) - Gift
Common Stock
2021-03-22+128,232→ 128,232 total(indirect: By LLC)
Holdings
- 50,000
Common Stock
- 79,988(indirect: By 401(k))
Common Stock
- 16,176
Performance-Based RSUs
Exp: 2023-12-31→ Common Stock (16,176 underlying) - 16,176
Common Stock
Footnotes (5)
- [F1]This transaction involved a gift of securities by the reporting person to his spouse. The reporting person disclaims beneficial ownership of the shares held by his spouse, and this report should not be deemed an admission that the reporting person is the beneficial owner of his spouse's shares for purposes of Section 16 or for any other purpose.
- [F2]The shares are held by EFIT, LLC, a limited liability company of which the reporting person is the manager and of which the reporting person and his spouse 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.
- [F3]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.
- [F4]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.
- [F5]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 0001357716
Filing Metadata
- Form type
- 4
- Filed
- Mar 23, 8:00 PM ET
- Accepted
- Mar 24, 7:48 PM ET
- Size
- 16.2 KB