Form 4 for TLS TELOS CORP
Accepted 2021-07-19 00:00:00 ET · period of report 2021-07-19 · accession 0001567619-21-013597 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2021-07-19 | 2021-07-19 | TLS | Bendza Gary Mark | EVP, CFO | A - Grant | $0.00 | +85.5K | 85.5K | New | $0 |
| D | 2021-07-19 | 2021-07-19 | TLS | Bendza Gary Mark | EVP, CFO | A - Grant | $0.00 | +20.5K | 20.5K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2021-07-19 | A | A | 65,000 | $0.00 | 65,000 | D | — | — | (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. |
| 2 | Common | Common Stock | 2021-07-19 | A | A | 20,500 | $0.00 | 85,500 | D | — | — | (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. |
| 3 | Derivative | Performance-Based RSUs | 2021-07-19 | A | A | 20,500 | $0.00 | 20,500 | D | — · — to 2023-12-31 | 20,500 Common Stock | (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. |