Thomas C. Salerno - Jan 29, 2024 Form 4 Insider Report for TSR INC (TSRI)

Role: Chief Executive Officer
Signature: /s/ Thomas Salerno
Stock symbol: TSRI
Transactions as of: Jan 29, 2024
Transactions value $: $0
Form type: 4
Date filed: 1/31/2024, 05:00 PM
Previous filing: Feb 1, 2023
Next filing: Jun 28, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TSRI	Common Stock, $0.01 par value	Disposed to Issuer	$0	-16.7K	-40.13%	$0.00	24.9K	Jan 29, 2024	Direct	F1
transaction	TSRI	Common Stock, $0.01 par value	Award	$0	+16.7K	+91.59%	$0.00	34.9K	Jan 29, 2024	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents the expiration of restricted stock granted under the TSR, Inc. 2020 Equity Incentive Plan.
F2	Represents restricted stock award 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.

Content

Represents the expiration of restricted stock granted under the TSR, Inc. 2020 Equity Incentive Plan.

Represents restricted stock award 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.