0001179110-18-006746.txt : 20180514 0001179110-18-006746.hdr.sgml : 20180514 20180514165401 ACCESSION NUMBER: 0001179110-18-006746 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20180510 FILED AS OF DATE: 20180514 DATE AS OF CHANGE: 20180514 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Kriete Charles CENTRAL INDEX KEY: 0001695672 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-33938 FILM NUMBER: 18831495 MAIL ADDRESS: STREET 1: 11126 MCCORMICK ROAD CITY: HUNT VALLEY STATE: MD ZIP: 21031 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 4 1 edgar.xml FORM 4 - X0306 4 2018-05-10 0 0000927355 TESSCO TECHNOLOGIES INC TESS 0001695672 Kriete Charles 11126 MCCORMICK ROAD HUNT VALLEY MD 21031 0 1 0 0 Senior Vice President Common Stock 2018-05-10 4 M 0 938 A 2067 D Common Stock 2018-05-10 4 F 0 306 D 1761 D Performance Share Unit 2018-05-10 4 A 0 3750 A Common Stock 3750 3750 D Performance Share Unit 2018-05-10 4 M 0 938 D Common Stock 938 2812 D Employee Stock Option 17.55 2018-05-10 4 A 0 10000 0 A 2024-05-10 Common Stock 10000 10000 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 May 2017 resulted in the earning, with respect to the fiscal year ended March 2018 and based on the extent to which certain performance criteria were satisfied during fiscal year 2018, of the right to receive 3,750 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, 2018, 2019, 2020 and 2021, 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 May 2017 with respect to fiscal year 2018, on May 10, 2018, the reporting person earned the right to receive 3,750 shares of Common Stock. The reporting person was associated with the Issuer on May 10, 2018, resulting in the vesting and issuance of 938 of the 3,750 shares of Common Stock so earned. The remaining 2,812 shares have been earned, but are not yet vested. All shares are owned directly, except for 129 shares which are owned indirectly, through 401(k) plan. $17.55 closing market price on May 9, 2018. The options will vest 25% after 1 year and then the remainder vests 1/36 each month for 3 years Charles Kriete by Aric Spitulnik by Power of Attorney 2018-05-14