SEC Form 4 · accession 0001209191-15-048389
TELECOMMUNICATION SYSTEMS INC /FA/ · TSYS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jon B Kutler
Director
Period of report
May 28, 2015
Accepted (ET)
Jun 1, 2015 · 4:56 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 StockF1 | May 28, 2015 | A | 13,719 | $0.00 | A | 93,417 | D | |
| Class A Common StockF2 | holding | — | — | — | 2,400,000 | I | By Trust | |
| Class A Common StockF3 | holding | — | — | — | 600,000 | I | By Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Reporting person is a member of the Issuer's Board of Directors. Non-cash compensation to members of the Issuer's Board of Directors includes Restricted Shares of Issuer's Class A Common Stock which are restricted from transfer until vested. Vesting will occur one-half on November 28, 2015, and the remaining one-half on May 28, 2016.
- F2These shares are held in an irrevocable trust for the benefit of Reporting Person's child. Reporting Person is the settlor and Reporting Person's spouse is the trustee of the trust. Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that Reporting Person is the beneficial owner of such securities for the purposes of Section 16 or any other purpose.
- F3These shares are owned directly by Admiralty Partners, Inc., of which Reporting Person and Reporting Person's spouse are directors and which is wholly owned by a trust of which Reporting Person and Reporting Person's spouse are co-trustees. Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that Reporting Person is the beneficial owner of such securities for the purposes of Section 16 or any other purpose.