SEC Form 4 · accession 0001144204-15-029307
TELOS CORP · TLS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Nelson Obus
10% Owner
WYNNEFIELD CAPITAL MANAGEMENT LLC
10% Owner
WYNNEFIELD CAPITAL INC
10% Owner
Joshua Landes
10% Owner
CHANNEL PARTNERSHIP II L P
10% Owner
Period of report
May 8, 2015
Accepted (ET)
May 11, 2015 · 4:32 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000320121
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Preferred Stock, par value $.01 per shareF1,F2 | May 8, 2015 | P | 228 | $11.25 | A | 122,537 | D | |
| Preferred Stock, par value $.01 per shareF1,F3 | May 8, 2015 | P | 380 | $11.25 | A | 191,745 | I | See Footnote |
| Preferred Stock, par value $.01 per shareF1,F4 | May 8, 2015 | P | 142 | $11.25 | A | 92,983 | I | See Footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F112% Cumulative Exchangeable Redeemable Preferred Stock, par value $.01 per share (the "Preferred Stock"), of Telos Corporation (TLSRP) ("Telos").
- F2On May 8, 2015 Wynnefield Partners Small Cap Value, L.P. (the "Partnership") purchased 228 shares of Preferred Stock reported herein. As a consequence, the Partnership directly beneficially owns 122,537 shares of Preferred Stock. Wynnefield Capital Management, LLC ("WCM"), as the sole general partner of the Partnership, has an indirect beneficial ownership interest in the shares of Preferred Stock that the Partnership directly beneficially owns. Nelson Obus and Joshua Landes, as co-managing members of WCM, have an indirect beneficial ownership interest in the shares of Preferred Stock that the Partnership directly beneficially owns.
- F3On May 8, 2015 Wynnefield Partners Small Cap Value, L.P. I ("Partnership-I") purchased 380 shares of Preferred Stock reported herein. As a consequence, Partnership-I directly beneficially owns 191,745 shares of Preferred Stock, to which the Partnership has an indirect beneficial ownership as members of a group under Section 13(d) of the Securities Exchange Act of 1934, as amended. Partnership-I, which maintains offices at the same address as the Reporting Person, is filing this statement jointly with the Reporting Person. WCM, as the sole general partner of Partnership-I has indirect beneficial ownership interest in the shares of Preferred Stock that Partnership-I directly beneficially owns. Mr. Obus and Mr. Landes, as co-managing members of WCM, have an indirect beneficial ownership interest in the shares of Preferred Stock that Partnership-I directly beneficially owns.
- F4On May 8, 2015 Wynnefield Small Cap Value Offshore Fund (the "Fund") purchased 142 shares of Preferred Stock reported herein. As a consequence, the Fund directly beneficially owns 92,983 shares of Preferred Stock, to which the Partnership has an indirect beneficial ownership as members of a group under Section 13(d) of the Securities Exchange Act of 1934, as amended. The Fund, which maintains offices at the same address as the Reporting Person, is filing this statement jointly with the Reporting Person. Wynnefield Capital, Inc. ("WCI"), as the sole investment manager of the Fund, has an indirect beneficial ownership interest in the shares of Preferred Stock that the Fund directly beneficially owns. Mr. Obus and Mr. Landes, as principal executive officers of WCI, have an indirect beneficial ownership interest in the shares of Preferred Stock that the Fund directly beneficially owns.