SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Ridgley Tammy

(Last)

(First)

(Middle)

11126 MCCORMICK ROAD

(Street)

HUNT VALLEY

21031

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/28/2022

3. Issuer Name and Ticker or Trading Symbol
TESSCO TECHNOLOGIES INC [ TESS ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Senior Vice President

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	899	D
Common Stock	468⁽¹⁾	D
Common Stock	2,144	I	Shares owned indirectly through 401K Plan
Common Stock	3,022	I	Shares owned indirectly through TESSCO Team Member Stock Purchase Plan

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Employee Stock Option	⁽²⁾	05/10/2025	Common Stock	5,000	$18.03	D
Employee Stock Option	⁽³⁾	05/15/2026	Common Stock	20,000	$4.36	D
Employee Stock Option	⁽⁴⁾	04/29/2027	Common Stock	20,000	$7.37	D

Explanation of Responses:

1. Reflects 468 shares earned but not yet vested in respect of Performance Stock Units (or PSUs) awarded for performance year fiscal 2019, to be issued in May 2022; subject to continued association as per below. The Reporting Person elected to report remaining PSUs for performance year fiscal 2019 in Table I. PSUs are awarded for a given performance year and earned insofar as applicable performance metrics are satisfied, whereupon 75% of the shares earned are issued and the remaining 25% are issued in one subsequent equal annual installment, provided the Reporting Person remains associated with Issuer on the applicable date.

2. With respect to the Employee Stock Options granted on May 10, 2019, the options vest 25% after 1 year and then the remainder vests 1/36 each month for 3 years.

3. With respect to the Employee Stock Options granted on May 15, 2020, the options vest 25% after 1 year and then the remainder vests 1/36 each month for 3 years.

4. With respect to the Employee Stock Options granted on April 29, 2021, the options vest 25% after 1 year and then the remainder vests 1/36 each month for 3 years.

	Tammy Ridgley by Aric Spitulnik by Power of Attorney	04/07/2022
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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