X0202 4 2006-05-04 0 0000927355 TESSCO TECHNOLOGIES INC TESS 0000941885 BARNHILL ROBERT B JR 11126 MCCORMICK ROAD HUNT VALLEY MD 21031 1 1 1 0 CEO, President Common Stock 2006-05-04 4 M 0 3613 A 836973 D Common Stock 2006-05-04 4 M 0 244 A 837217 D Common Stock 2006-05-04 4 M 0 4167 A 841384 D Performance Share Unit 2006-05-04 4 M 0 3613 D Common Stock 3613 97224 D Performance Share Unit 2006-05-04 4 A 0 731 A Common Stock 731 97955 D Performance Share Unit 2006-05-04 4 M 0 244 D Common Stock 244 97711 D Performance Share Unit 2006-05-04 4 A 0 12500 A Common Stock 12500 110211 D Performance Share Unit 2006-05-04 4 M 0 4167 D Common Stock 4167 106044 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 14,450 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 731 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 May and August 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 12,500 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. All shares are owned directly, except for 735 shares which are owned indirectly, through 401(k) plan. 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 14,450 shares of Common Stock. The reporting person was employed by the issuer on May 2, 2005, resulting in the vesting and issuance of 3,613 of the 14,450 shares of Common Stock so earned. On May 4, 2006, the reporting person reporting person continued to be employed by the issuer, resulting in the vesting and issuance of another 3,613 shares of Common Stock so earned. The remaining 7,224 shares have been earned, but are not yet vested. 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 731 shares of Common Stock. The reporting person was employed by the issuer on May 4, 2006, resulting in the vesting and issuance of 244 of the 731 shares of Common Stock so earned. The remaining 487 shares have been earned, but are not yet vested. In respect of the PSUs granted in May and August 2005 with respect to fiscal year 2006, on May 4, 2006, the reporting person earned the right to receive 12,500 shares of Common Stock. The reporting person was employed by the issuer on May 4, 2006, resulting in the vesting and issuance of 4,167 of the 12,500 shares of Common Stock so earned. The remaining 8,333 shares have been earned, but are not yet vested. Robert B. Barnhill, Jr. by David M. Young by Power of Attorney 2006-05-05