Gary Mark Bendza - Jul 19, 2021 Form 4 Insider Report for TELOS CORP (TLS)

Role
EVP, CFO
Signature
/s/ Helen M. Oh, attorney-in-fact
Stock symbol
TLS
Transactions as of
Jul 19, 2021
Transactions value $
$0
Form type
4
Date filed
7/19/2021, 11:48 AM
Next filing
Dec 23, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TLS Common Stock Award $0 +65K $0.00 65K Jul 19, 2021 Direct F1
transaction TLS Common Stock Award $0 +20.5K +31.54% $0.00 85.5K Jul 19, 2021 Direct F2

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 TLS Performance-Based RSUs Award $0 +20.5K $0.00 20.5K Jul 19, 2021 Common Stock 20.5K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares of common stock represent restricted share units granted pursuant to an award agreement between the reporting person and the Issuer and are subject to forfeiture. The restricted share units awarded will vest and be settled in shares of Issuer common stock in installments as follows: (1) 50% will vest on July 19, 2022, and (2) 50% will vest on July 19, 2023.
F2 These shares of common stock represent restricted share units granted pursuant to an award agreement between the reporting person and the Issuer and are subject to forfeiture. The restricted share units awarded will vest and be settled in shares of Issuer common stock in installments as follows: (1) 30% will vest on July 19, 2022, (2) 30% will vest on July 19, 2023, and (3) 40% will vest on July 19, 2024.
F3 Each performance-based RSU represents a contingent right to receive one share of Issuer common stock. The performance-based RSUs will vest and be settled in shares of Issuer common stock upon Issuer's common stock (a) trading at or above a market price of $42.50 per share as reported by the NASDAQ Global Market for 20 of 30 consecutive trading days before December 31, 2023, or (b) having a weighted average market price of $42.50 per share as reported by the NASDAQ Global Market over any 30 consecutive trading days before December 31, 2023.