Sandip Mukerjee - 17 Jul 2023 Form 4 Insider Report for TESSCO TECHNOLOGIES INC

Reporting relationship: PRESIDENT AND CEO, Director
Issuer ticker: N/A
Reported as of: 17 Jul 2023
Net transaction value: -$433,100
SEC form: 4
Accepted by SEC: 19 Jul 2023, 18:00:05 UTC
Prior SEC filing: 04 Apr 2023
Source filing: View source filing
Reporting owner signature: Sandip Mukerjee by Aric Spitulnik by Power of Attorney

Key filing fact

Sandip Mukerjee filed Form 4 for TESSCO TECHNOLOGIES INC on 19 Jul 2023.

Key facts

This page summarizes Sandip Mukerjee's Form 4 filing for TESSCO TECHNOLOGIES INC.
15 reported transactions and 8 derivative rows are listed below.
Accepted by SEC: 19 Jul 2023, 18:00.

Change

Previous filing in this sequence was filed on 04 Apr 2023.
Current net transaction value: -$433,100.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

TESS transaction

Common Stock

Disposed to Issuer

Transaction value
Shares: -25,029
Change %: -100%
Price
Shares after: 0
Date: 17 Jul 2023
Ownership: Direct
Footnotes: F1

TESS transaction

Common Stock

Disposed to Issuer

Transaction value
Shares: -2,494
Change %: -100%
Price
Shares after: 0
Date: 17 Jul 2023
Ownership: Direct
Footnotes: F1, F2

TESS transaction

Common Stock

Disposed to Issuer

Transaction value
Shares: -3,750
Change %: -100%
Price
Shares after: 0
Date: 17 Jul 2023
Ownership: Direct
Footnotes: F1, F2

TESS transaction

Common Stock

Disposed to Issuer

Transaction value
Shares: -7,500
Change %: -100%
Price
Shares after: 0
Date: 17 Jul 2023
Ownership: Direct
Footnotes: F1, F2

TESS transaction

Common Stock

Disposed to Issuer

Transaction value
Shares: -7,500
Change %: -100%
Price
Shares after: 0
Date: 17 Jul 2023
Ownership: Direct
Footnotes: F3

TESS transaction

Common Stock

Disposed to Issuer

Transaction value
Shares: -16,506
Change %: -100%
Price
Shares after: 0
Date: 17 Jul 2023
Ownership: Direct
Footnotes: F3

TESS transaction

Common Stock

Disposed to Issuer

Transaction value
Shares: -22,500
Change %: -100%
Price
Shares after: 0
Date: 17 Jul 2023
Ownership: Direct
Footnotes: F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

TESS transaction Derivative

Employee Stock Option (right to buy)

Disposed to Issuer

Transaction value: $92,800
Shares: -20,000
Change %: -100%
Price: $4.64
Shares after: 0
Date: 17 Jul 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 20,000
Exercise price: $4.36
Footnotes: F4

TESS transaction Derivative

Employee Stock Option (right to buy)

Disposed to Issuer

Transaction value: $36,400
Shares: -10,000
Change %: -100%
Price: $3.64
Shares after: 0
Date: 17 Jul 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 10,000
Exercise price: $5.36
Footnotes: F4

TESS transaction Derivative

Employee Stock Option (right to buy)

Disposed to Issuer

Transaction value: $31,600
Shares: -10,000
Change %: -100%
Price: $3.16
Shares after: 0
Date: 17 Jul 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 1,000
Exercise price: $5.84
Footnotes: F4

TESS transaction Derivative

Employee Stock Option (right to buy)

Disposed to Issuer

Transaction value: $20,900
Shares: -10,000
Change %: -100%
Price: $2.09^*
Shares after: 0
Date: 17 Jul 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 10,000
Exercise price: $6.91
Footnotes: F4

TESS transaction Derivative

Employee Stock Option (right to buy)

Disposed to Issuer

Transaction value: $48,900
Shares: -30,000
Change %: -100%
Price: $1.63^*
Shares after: 0
Date: 17 Jul 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 30,000
Exercise price: $7.37
Footnotes: F4

TESS transaction Derivative

Employee Stock Option (right to buy)

Disposed to Issuer

Transaction value: $0
Shares: -250,000
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 17 Jul 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 250,000
Exercise price: $11.52
Footnotes: F4

TESS transaction Derivative

Performance Share Unit

Disposed to Issuer

Transaction value: $0
Shares: -7,500
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 17 Jul 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 7,500
Exercise price: $9.00
Footnotes: F5

TESS transaction Derivative

Performance Share Unit

Disposed to Issuer

Transaction value: $202,500
Shares: -22,500
Change %: -100%
Price: $9.00
Shares after: 0
Date: 17 Jul 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 22,500
Exercise price: $0.000000
Footnotes: F5

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Sandip Mukerjee is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 5 footnotes

Footnote F1

Disposed of pursuant to merger agreement between issuer and Alliance USAcqCo 2, Inc. dated April 11, 2023, in exchange for the right to receive $9.00 in cash, without interest.

Footnote F2

Reflects Common Stock covered by Restricted Stock Units, sometimes referred to as RSUs, representing the conditional right to receive one share of Common Stock. Reporting Person previously elected to report the shares of Common Stock as an award in Table I instead of reporting the award of the RSUs in Table II.

Footnote F3

Reflects Common Stock covered by Restricted Stock Units, sometimes referred to as RSUs, representing the conditional right to receive one share of Common Stock. The "amount" reflects number of shares covered by RSUs which were forfeited ($0) on the effective date of the merger.

Footnote F4

This option was canceled pursuant to the merger agreement between the Issuer and Alliance USAcqCo 2, Inc. dated April 11, 2023, in exchange for a cash payment representing the difference between the exercise price of the option (Column 2) and the market value of the underlying TESS common stock on the effective date of the merger ($9 per share). If Column 2 equals or exceeds $9 per share, the option was canceled for no consideration.

Footnote F5

Reflects applicable portion of Performance Share Unit (PSU) award for 30,000 shares in the aggregate, of which 7,500 PSUs vested and were paid ($9 per share) and 22,500 PSUs were forfeited ($0 per share) on the effective date of the merger.