Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Preferred Stock, par value $.01 per share^F1,F2,F5	Apr 7, 2017	P	725	$7.50	A	165,760	D
Preferred Stock, par value $.01 per share^F1,F3	Apr 7, 2017	P	1,149	$7.50	A	261,456	I	See Footnote
Preferred Stock, par value $.01 per share^F1,F4	Apr 7, 2017	P	426	$7.50	A	112,549	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 April 7, 2017 Wynnefield Partners Small Cap Value, L.P. (the "Partnership") purchased 725 shares of Preferred Stock reported herein. As a consequence, the Partnership directly beneficially owns 165,760 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 April 7, 2017 Wynnefield Partners Small Cap Value, L.P. I ("Partnership-I") purchased 1,149 shares of Preferred Stock reported herein. As a consequence, Partnership-I directly beneficially owns 261,456 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 April 7, 2017 Wynnefield Small Cap Value Offshore Fund (the "Fund") purchased 426 shares of Preferred Stock reported herein. As a consequence, the Fund directly beneficially owns 112,549 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.
F5Mr. Obus and Mr. Landes disclaim beneficial ownership of the securities described in this statement, except to the extent of their individual pecuniary interest in such securities. The filing of this statement shall not be deemed an admission that Mr. Obus and Mr. Landes are, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owner of any securities specified in this statement.