SEC Form 4 · accession 0001209191-15-050250
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
Jun 2, 2015
Accepted (ET)
Jun 4, 2015 · 6:27 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 | Jun 2, 2015 | X | 55,400 | $2.52 | A | 218,608 | D | |
| Class A Common Stock | Jun 2, 2015 | F | 47,421 | $3.20 | D | 171,187 | D | |
| Class A Common StockF1 | holding | — | — | — | 236,849 | I | By Trust |
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 | Jun 2, 2015 | X | 55,400 | D | Jun 9, 2008 | Jun 9, 2015 | Class A Common Stock | 55,400 | 418,949 | D |
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.