SEC Form 4 · accession 0001209191-16-101745
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
Feb 23, 2016
Accepted (ET)
Feb 24, 2016 · 11:58 am EST
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 | Feb 23, 2016 | U | 2,400,000 | $5.00 | D | 0 | I | By Trust |
| Class A Common StockF2 | Feb 23, 2016 | U | 600,000 | $5.00 | D | 0 | I | By Trust |
| Class A Common Stock | Feb 23, 2016 | U | 89,988 | $5.00 | D | 3,429 | D | |
| Class A Common Stock | Feb 23, 2016 | D | 3,429 | $0.00 | D | 0 | D |
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 child. Reporting Person is the settlor and the 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 the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or any other purpose.
- F2These shares are owned 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. 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.