SEC Form 4 · accession 0001209191-15-031741
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
Mar 26, 2015
Accepted (ET)
Apr 2, 2015 · 5:50 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001111665
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option (Right to Buy)F1 | $3.61 | Mar 26, 2015 | A | 74,786 | A | — | Mar 26, 2025 | Class A Common Stock | 74,786 | 637,507 | D |
Explanation of responses
- F1On March 26, 2015, the Compensation Committee of the Board of Directors granted the Reporting Person options to acquire the reported number of shares of Class A Common Stock. The options vest over four equal annual installments beginning one year after the date of the grant, subject only to continued service of the Reporting Person to the Issuer. As of the date hereof, none of these options is vested.