SEC Form 4 · accession 0001209191-15-044997
TELECOMMUNICATION SYSTEMS INC /FA/ · TSYS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Maurice B Tose
Officer — Chairman, President & CEO · Director
Period of report
May 18, 2015
Accepted (ET)
May 20, 2015 · 5:57 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 | May 18, 2015 | S | 31,233 | $3.2471 | D | 334,511 | D | |
| Class A Common Stock | May 19, 2015 | S | 68,767 | $3.2516 | D | 265,744 | D | |
| Class A Common Stock | May 19, 2015 | M | 266,855 | $2.52 | A | 532,599 | D | |
| Class A Common Stock | May 19, 2015 | F | 237,065 | $3.25 | D | 295,534 | D | |
| Class A Common StockF1 | holding | — | — | — | 229,995 | I | By spouse |
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) | $2.52 | May 19, 2015 | M | 266,855 | D | Jun 9, 2008 | Jun 9, 2015 | Class A Common Stock | 266,855 | 2,012,435 | D |
| Class B Common StockF2 | — | May 19, 2015 | G | 25,842 | D | — | — | Class A Common Stock | 25,842 | 4,418,210 | D |
| Class B Common StockF2,F3 | — | May 19, 2015 | G | 25,842 | A | — | — | Class A Common Stock | 25,842 | 167,282 | I |
| Class B Common StockF4,F2 | — | holding | — | — | — | — | — | Class A Common Stock | 215,753 | 215,753 | I |
Explanation of responses
- F1These shares are held by Mr. Tose's spouse. Mr. Tose disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the Mr. Tose is the beneficial owner of such securities for purposes of Section 16 or any other purpose.
- F2The shares of Class B Common Stock are convertible, at any time, at the option of the holder, into shares of Class A Common Stock on a one-for-one basis.
- F3These shares are held by Mr. Tose's children. Mr. Tose disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that Mr. Tose is the beneficial owner of such securities for the purposes of Section 16 or any other purpose.
- F4These shares are held in an irrevocable trust for the benefit of Mr. Tose's children. Mr. Tose is the settlor and Mr. Tose's spouse is the trustee of the trust. Mr. Tose disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that Mr. Tose is the beneficial owner of such securities for the purposes of Section 16 or any other purpose.