Aric Spitulnik - Aug 8, 2021 Form 4 Insider Report for TESSCO TECHNOLOGIES INC (TESS)

Role
CFO and Senior Vice President
Signature
Aric Spitulnik
Stock symbol
TESS
Transactions as of
Aug 8, 2021
Transactions value $
$0
Form type
4
Date filed
8/9/2021, 05:28 PM
Next filing
May 27, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TESS Common Stock Options Exercise +4.42K +16.64% 31K Aug 8, 2021 Direct F1, F2
transaction TESS Common Stock Tax liability -1.66K -5.36% 29.3K Aug 8, 2021 Direct F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TESS Restricted Stock Unit (RSU) Options Exercise -4.42K -100% 0 Aug 8, 2021 Common Stock 4.42K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 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.
F3 $5.57 closing market price on August 6, 2021.