Richard M. Metzler - 05 May 2021 Form 4 Insider Report for TSS, Inc. (TSSI)

Role
Director
Signature
/s/ Richard M. Metzler
Issuer symbol
TSSI
Transactions as of
05 May 2021
Net transactions value
$0
Form type
4
Filing time
07 May 2021, 16:04:58 UTC
Previous filing
07 May 2021
Next filing
25 Nov 2024

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 +150,000 $0.000000 150,000 05 May 2021 Common Stock 150,000 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.