Richard M. Metzler - May 5, 2021 Form 4 Insider Report for TSS, Inc. (TSSI)

Role
Director
Signature
/s/ Richard M. Metzler
Stock symbol
TSSI
Transactions as of
May 5, 2021
Transactions value $
$0
Form type
4
Date filed
5/7/2021, 04:04 PM
Previous filing
May 7, 2021

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 TSSI Stock Option (Right to Buy) Award $0 +150K $0.00 150K May 5, 2021 Common Stock 150K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The exercise price is the weighted average trading price over the thirty (30) days following May 5, 2021.
F2 The option becomes exercisable in installments as follows: (a) 50,000 shares will vest on May 5, 2022, (b) 50,000 shares will vest on May 5, 2022, and (c) 50,000 shares will vest on May 5, 2023.