SEC Form 4 · accession 0001437749-18-022816
TSS, Inc. · TSSI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Anthony Angelini
Officer — Chief Executive Officer · Director
Period of report
Dec 27, 2018
Accepted (ET)
Dec 31, 2018 · 4:05 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001320760
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Dec 27, 2018 | M | 40,000 | $0.10 | A | 680,000 | D | |
| Common Stock | Dec 27, 2018 | F | 4,762 | $0.84 | D | 675,238 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F1 | $0.10 | Dec 27, 2018 | M | 40,000 | D | — | Jan 14, 2024 | Common Stock | 40,000 | 710,000 | D |
Explanation of responses
- F1The option, representing a right to purchase a total of 750,000 shares, is exercisable in installments as follows: 375,000 shares vested on April 10, 2018, and 375,000 shares will vest on April 10, 2019. The option is immediately exercisable upon the occurrence of a change in control of the Issuer.