Robert E. Fitzgerald - 16 Jun 2021 Form 4 Insider Report for TSR INC

Role
Director, 10%+ Owner
Signature
/s/ Robert E. Fitzgerald
Issuer symbol
N/A
Transactions as of
16 Jun 2021
Net transactions value
+$179,169
Form type
4
Filing time
17 Jun 2021, 07:06:02 UTC
Previous filing
25 May 2021
Next filing
28 Oct 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TSRI Common Stock, $0.01 par value Purchase $5,250 +600 +2% $8.75 30,600 16 Jun 2021 Direct F1, F2
transaction TSRI Common Stock, $0.01 par value Purchase $44,350 +5,000 +16% $8.87 35,600 16 Jun 2021 Direct F1, F2
transaction TSRI Common Stock, $0.01 par value Purchase $13,470 +1,500 +4.2% $8.98 37,100 16 Jun 2021 Direct F1, F2
transaction TSRI Common Stock, $0.01 par value Purchase $944 +105 +0.28% $8.99 37,205 16 Jun 2021 Direct F1, F2
transaction TSRI Common Stock, $0.01 par value Purchase $115,155 +12,795 +34% $9.00 50,000 16 Jun 2021 Direct F1, F2
holding TSRI Common Stock, $0.01 par value 498,884 16 Jun 2021 By QAR Industries, Inc. F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes restricted stock award of 20,000 shares granted under the TSR, Inc. 2020 Equity Incentive Plan. The shares of restricted stock will remain subject to forfeiture during three years, during such time the forfeiture restrictions will lapse with respect to 10,000 shares, 5,000 shares and 5,000 shares respectively on each anniversary date of the grant date. The lapse of the forfeiture restrictions is conditioned on the reporting person continuing to provide services to TSR, Inc. (the "Company") through each vesting date.
F2 Includes restricted stock award of 10,000 shares granted under the TSR, Inc. 2020 Equity Incentive Plan. The shares of restricted stock will remain subject to forfeiture over three years until the Company's common stock have traded at certain pre-determined price thresholds for a 30-trading-day period. Once a price threshold was achieved by certain target dates, the forfeiture restrictions for the portion of the award related to that threshold will lapse, provided that the reporting person continues to provide services to the Company at the time of vesting.
F3 Shares held by QAR Industries, Inc. of which the reporting person is President, Chairman of the Board and majority shareholder.