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