X0303 4 2010-12-17 0000098338 TSR INC TSRI 0000900694 HUGHES JOSEPH F 400 OSER AVENUE SUITE 150 HAUPPAUGE NY 11788 1 1 1 0 Pres., Chairman of the Bd, CEO Common Stock, $0.01 par value 2010-12-17 5 G 0 637185 0 D 146984 D Common Stock, $0.01par value 2010-12-17 5 G 0 637185 0 A 637185 I By JW Hughes Family, LLC Common Stock, $0.01 par value 2010-12-17 5 G 0 134664 0 D 800 I By spouse Common Stock, $0.01 par value 2010-12-17 5 G 0 134664 0 A 134664 I By JW Hughes Family, LLC The number of shares reported reflects the effect of a 1:2 reverse stock split, which was effective as of November 29, 2010. The reporting person transferred these shares to JW Hughes Family LLC, a limited liability company of which the reporting person is the manager and of which the reporting person and his spouse were then the sole members. The reporting person disclaims beneficial ownership of TSRI common stock held by JW Hughes Family LLC except to the extent of his pecuniary interest therein. The reporting person's spouse transferred these shares to JW Hughes Family LLC, a limited liability company of which the reporting person is the manager and of which the reporting person and his spouse were then the sole members. The reporting person disclaims beneficial ownership of the shares owned by his spouse. /s/ Joseph F. Hughes 2010-12-20