Statement of Changes in Beneficial Ownership (4)
August 09 2021 - 05:29PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Spitulnik Aric |
2. Issuer Name and Ticker or Trading Symbol
TESSCO TECHNOLOGIES INC
[
TESS
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) CFO and Senior Vice President |
(Last)
(First)
(Middle)
11126 MCCORMICK ROAD |
3. Date of Earliest Transaction
(MM/DD/YYYY)
8/8/2021 |
(Street)
HUNT VALLEY, MD 21031
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 8/8/2021 | | M | | 4419 | A | (1) | 30980 | D (2) | |
Common Stock | 8/8/2021 | | F | | 1661 | D | (3) | 29319 | D (2) | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Restricted Stock Unit (RSU) | (1) | 8/8/2021 | | M | | | 4419 | (1) | (1) | Common Stock | 4419 | (1) | 0 | D | |
Explanation of Responses: |
(1) | Reflects number of shares issued in respect of a Restricted Stock Unit (or RSU) award granted to the Reporting Person on August 8, 2017. Shares subject to the RSU were "earned" since the date of grant based on dividends declared and paid by the Issuer, and the shares earned then vested and were issued on or as of August 8, 2021 because the Reporting Person continued to be affiliated with the Issuer on that date. |
(2) | All shares are owned directly, except for 2,894 shares which are owned indirectly, through the TESSCO Technologies 401(k) plan, 4,673 shares owned indirectly through the TESSCO Team Member Stock Purchase Plan, and 782 shares which are the subject of PSUs awarded for performance year fiscal 2019 PSUs earned but not yet vested. |
(3) | $5.57 closing market price on August 6, 2021. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Spitulnik Aric 11126 MCCORMICK ROAD HUNT VALLEY, MD 21031 |
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| CFO and Senior Vice President |
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Signatures
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Aric Spitulnik | | 8/9/2021 |
**Signature of Reporting Person | Date |
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