SEC Form 4 · accession 0001209191-15-024333
TELECOMMUNICATION SYSTEMS INC /FA/ · TSYS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy James Lorello
Officer — Sr. VP & CMO
Period of report
Feb 13, 2015
Accepted (ET)
Mar 9, 2015 · 8:52 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001111665
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | Feb 13, 2015 | S | 1,609 | $3.32 | D | 122,078 | D | |
| Class A Common Stock | Feb 17, 2015 | S | 8,391 | $3.29 | D | 113,687 | D | |
| Class A Common StockF1 | holding | — | — | — | 236,849 | I | By Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These shares are held in an irrevocable trust for the benefit of the Reporting Person's spouse and children. The Reporting Person is the settlor and the Reporting Person's spouse is the trustee of the trust. 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.