SEC Form 4 · accession 0001213900-17-002379
TSR INC · TSRI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph F Hughes
Officer — Chairmn, Pres, CEO & Treasurer · Director · 10% Owner
Period of report
Mar 9, 2017
Accepted (ET)
Mar 15, 2017 · 5:10 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000098338
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $0.01 par value | Mar 9, 2017 | J | 712,657 | $0.00 | A | 756,339 | D | |
| Common Stock, $0.01 par valueF1 | Mar 9, 2017 | J | 875,151 | $0.00 | D | 0 | I | By LLC |
| Common Stock, $0.01 par valueF2 | Mar 9, 2017 | J | 106,834 | $0.00 | A | 107,634 | I | By spouse |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On March 9, 2017, the JW Hughes Family LLC (the "Family LLC"), of which Joseph F. Hughes was the sole Manager and which was the holder of 875,151 shares of TSR, Inc. common stock, dissolved and distributed all 875,151 shares of TSR, Inc. common stock to its members in accordance with their respective percentage interests in the Family LLC. The members of the Family LLC consisted of Joseph F. Hughes and members of his family. In connection with its dissolution, the Family LLC distributed 712,657 shares of TSR, Inc. common stock to Joseph F. Hughes and 106,834 shares of TSR, Inc. common stock to Winifred Hughes, Joseph F. Hughes' spouse.
- F2Shares held by Winifred Hughes, Joseph F. Hughes' spouse. Joseph F. Hughes disclaims beneficial ownership with respect to the shares held by Winifred Hughes.