-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, LYVjmYff3b3sizRHkujinZ7cL20T//yhn0jtN4VksvKldXHL1D7CgoZ4F+Zitnyb KXQurUAeFcRH6RV7xdmRlQ== 0001179110-08-008374.txt : 20080429 0001179110-08-008374.hdr.sgml : 20080429 20080429073408 ACCESSION NUMBER: 0001179110-08-008374 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080428 FILED AS OF DATE: 20080429 DATE AS OF CHANGE: 20080429 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: TESSCO TECHNOLOGIES INC CENTRAL INDEX KEY: 0000927355 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-ELECTRONIC PARTS & EQUIPMENT, NEC [5065] IRS NUMBER: 520729657 STATE OF INCORPORATION: DE FISCAL YEAR END: 0329 BUSINESS ADDRESS: STREET 1: 11126 MCCORMICK ROAD CITY: HUNT VALLEY STATE: MD ZIP: 21031 BUSINESS PHONE: 4102291000 MAIL ADDRESS: STREET 1: 11126 MCCORMICK ROAD CITY: HUNT VALLEY STATE: MD ZIP: 2121031 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: SHAUGHNESSY DENNIS J CENTRAL INDEX KEY: 0001229699 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-33938 FILM NUMBER: 08783047 BUSINESS ADDRESS: STREET 1: TESSCO TECH. STREET 2: 11126 MCCORMICK RD. CITY: HUNT VALLEY STATE: MD ZIP: 21031 BUSINESS PHONE: 410-951-4800 MAIL ADDRESS: STREET 1: 500 EAST PRATT STREET STREET 2: SUITE 1400 CITY: BALTIMORE STATE: MD ZIP: 21202 4 1 edgar.xml FORM 4 - X0202 4 2008-04-28 0 0000927355 TESSCO TECHNOLOGIES INC TESS 0001229699 SHAUGHNESSY DENNIS J 900 BESTGATE ROAD SUITE 100 ANNAPOLIS MD 214013066 1 0 0 0 Common Stock 2008-04-28 4 M 0 1716 A 25408 D Common Stock 2008-04-28 4 M 0 242 A 25650 D Common Stock 2008-04-28 4 M 0 1293 A 26943 D Common Stock 2008-04-28 4 M 0 875 A 27818 D Common Stock 2008-04-28 4 M 0 1875 A 29693 D Performance Share Unit 2008-04-28 4 M 0 1716 D Common Stock 1716 8035 D Performance Share Unit 2008-04-28 4 M 0 242 D Common Stock 242 7793 D Performance Share Unit 2008-04-28 4 M 0 1293 D Common Stock 1293 6500 D Performance Share Unit 2008-04-28 4 M 0 875 D Common Stock 875 5625 D Performance Share Unit 2008-04-28 4 M 0 1875 D Common Stock 1875 3750 D A Performance Share Unit, sometimes referred to as a Performance Stock Unit or PSU, represents the conditional right to receive one share of Common Stock. PSUs granted in April 2004 resulted in the earning, with respect to the fiscal year ended March 2005 and based on the extent to which certain performance criteria were satisfied during fiscal year 2005, of the right to receive 6,864 shares of Common Stock. Once earned, the PSUs vest and are paid through the issuance of shares of Common Stock in four approximately equal annual installments commencing on or about May 1, 2005, 2006, 2007 and 2008, subject to the reporting person's continued employment or association with the Issuer on the date such shares of Common Stock are to be issued. A Performance Share Unit, sometimes referred to as a Performance Stock Unit or PSU, represents the conditional right to receive one share of Common Stock. PSUs granted in April 2004 resulted in the earning, with respect to the fiscal year ended March 2006 and based on the extent to which certain performance criteria were satisfied during fiscal year 2006, of the right to receive 726 shares of Common Stock. Once earned, the PSUs vest and are paid through the issuance of shares of Common Stock in three approximately equal annual installments commencing on or about May 1, 2006, 2007 and 2008, subject to the reporting person's continued employment or association with the Issuer on the date such shares of Common Stock are to be issued. A Performance Share Unit, sometimes referred to as a Performance Stock Unit or PSU, represents the conditional right to receive one share of Common Stock. PSUs granted in April 2004 resulted in the earning, with respect to the fiscal year ended March 2007 and based on the extent to which certain performance criteria were satisfied during fiscal year 2007, of the right to receive 2,585 shares of Common Stock. Once earned, the PSUs vest and are paid through the issuance of shares of Common Stock in two approximately equal annual installments commencing on or about May 1, 2007 and 2008, subject to the reporting person's continued employment or association with the Issuer on the date such shares of Common Stock are to be issued. A Performance Share Unit, sometimes referred to as a Performance Stock Unit or PSU, represents the conditional right to receive one share of Common Stock. PSUs granted in May 2005 resulted in the earning, with respect to the fiscal year ended March 2006 and based on the extent to which certain performance criteria were satisfied during fiscal year 2006, of the right to receive 2,625 shares of Common Stock. Once earned, the PSUs vest and are paid through the issuance of shares of Common Stock in three approximately equal annual installments commencing on or about May 1, 2006, 2007 and 2008, subject to the reporting person's continued employment or association with the Issuer on the date such shares of Common Stock are to be issued. A Performance Share Unit, sometimes referred to as a Performance Stock Unit or PSU, represents the conditional right to receive one share of Common Stock. PSUs granted in April 2006 resulted in the earning, with respect to the fiscal year ended March 2007 and based on the extent to which certain performance criteria were satisfied during fiscal year 2007, of the right to receive 7,500 shares of Common Stock. Once earned, the PSUs vest and are paid through the issuance of shares of Common Stock in four approximately equal annual installments commencing on or about May 1, 2007, 2008, 2009 and 2010, subject to the reporting person's continued employment or association with the Issuer on the date such shares of Common Stock are to be issued. 1 for 1 In respect of the PSUs granted in April 2004 with respect to fiscal year 2005, on May 2, 2005, the reporting person earned the right to receive 6,864 shares of Common Stock. The reporting person was associated with the issuer on May 2, 2005, resulting in the vesting and issuance of 1,716 of the 6,864 shares of Common Stock so earned. On May 4, 2006, the reporting person reporting person continued to be associated with the issuer, resulting in the vesting and issuance of another 1,716 shares of Common Stock so earned. On May 1, 2007, the reporting person reporting person continued to be associated with the issuer, resulting in the vesting and issuance of another 1,716 shares of Common Stock so earned. On April 28, 2008, the reporting person reporting person continued to be associated with the issuer, resulting in the vesting and issuance of the remaining 1,716 shares of Common Stock so earned. In respect of the PSUs granted in April 2004 with respect to fiscal year 2006, on May 4, 2006, the reporting person earned the right to receive 726 shares of Common Stock. The reporting person was associated with the issuer on May 4, 2006, resulting in the vesting and issuance of 242 of the 726 shares of Common Stock so earned. On May 1, 2007, the reporting person continued to be associated with the issuer, resulting in the vesting and issuance of another 242 shares of Common Stock so earned. On April 28, 2008, the reporting person continued to be associated with the issuer, resulting in the vesting and issuance of the remaining 242 shares of Common Stock so earned. In respect of the PSUs granted in April 2004 with respect to fiscal year 2007, on May 1, 2007, the reporting person earned the right to receive 2,585 shares of Common Stock. The reporting person was associated with the issuer on May 1, 2007, resulting in the vesting and issuance of 1,292 of the 2,585 shares of Common Stock so earned. On April 28, 2008, the reporting person continued to be associated with the issuer, resulting in the vesting and issuance of the remaining 1,293 shares of Common Stock so earned. In respect of the PSUs granted in May 2005 with respect to fiscal year 2006, on May 4, 2006, the reporting person earned the right to receive 2,625 shares of Common Stock. The reporting person was associated with the issuer on May 4, 2006, resulting in the vesting and issuance of 875 of the 2,625 shares of Common Stock so earned. On May 1, 2007, the reporting person continued to be associated with the issuer, resulting in the vesting and issuance of another 875 shares of Common Stock so earned. On April 28, 2008, the reporting person continued to be associated with the issuer, resulting in the vesting and issuance of the remaining 875 shares of Common Stock so earned. In respect of the PSUs granted in May 2006 with respect to fiscal year 2007, on May 1, 2007, the reporting person earned the right to receive 7,500 shares of Common Stock. The reporting person was associated with the issuer on May 1, 2007, resulting in the vesting and issuance of 1,875 of the 7,500 shares of Common Stock so earned. On April 28, 2008, the reporting person continued to be associated with the issuer, resulting in the vesting and issuance of another 1,875 shares of Common Stock so earned. The remaining 3,750 shares have been earned, but are not yet vested. Dennis J. Shaughnessy by David M. Young by Power of Attorney 2008-04-29 -----END PRIVACY-ENHANCED MESSAGE-----