4//SEC Filing
Lowe Thad 4
Accession 0001415889-23-011346
CIK 0000927355other
Filed
Jul 18, 8:00 PM ET
Accepted
Jul 19, 6:00 PM ET
Size
15.2 KB
Accession
0001415889-23-011346
Insider Transaction Report
Form 4
Lowe Thad
Senior Vice President
Transactions
- Disposition to Issuer
Common Stock
2023-07-17−5,088.427→ 0 total - Disposition to Issuer
Common Stock
2023-07-17−2,813→ 0 total - Disposition to Issuer
Common Stock
2023-07-17−5,625→ 0 total - Disposition to Issuer
Employee Stock Option (right to buy)
2023-07-17$4.64/sh−10,000$46,400→ 0 totalExercise: $4.36Exp: 2026-05-15→ Common Stock (10,000 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2023-07-17$3.06/sh−10,000$30,600→ 0 totalExercise: $5.94Exp: 2026-03-23→ Common Stock (10,000 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2023-07-17$1.63/sh−20,000$32,600→ 0 totalExercise: $7.37Exp: 2027-04-29→ Common Stock (20,000 underlying)
Footnotes (4)
- [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.
- [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.
- [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.
- [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.
Documents
Issuer
TESSCO TECHNOLOGIES INC
CIK 0000927355
Entity typeother
Related Parties
1- filerCIK 0001921482
Filing Metadata
- Form type
- 4
- Filed
- Jul 18, 8:00 PM ET
- Accepted
- Jul 19, 6:00 PM ET
- Size
- 15.2 KB