FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
TESSCO TECHNOLOGIES INC [ TESS ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 03/07/2018 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock | 03/07/2018 | S | 7,645(1) | D | $21.21(2) | 1,766,296 | I(5) | by: Robert B. Barnhill, Jr. 2016 Revocable Trust | ||
Common Stock | 03/08/2018 | S | 11,710(1) | D | $20.95(3) | 1,754,586 | I(5) | by: Robert B. Barnhill, Jr. 2016 Revocable Trust | ||
Common Stock | 03/09/2018 | S | 58,782(1) | D | $21.13(4) | 1,695,804 | I(5) | by: Robert B. Barnhill, Jr. 2016 Revocable Trust |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Explanation of Responses: |
1. Sold pursuant a 10b5-1 stock trading plan under which the Reporting Person is selling or has directed the sale of a portion of those holdings owned directly or beneficially or otherwise controlled by the Reporting Person, as part of the Reporting Person's individual strategy for tax and estate planning. |
2. Sold at a range of between $21.00 and $21.575 per share. The sale price represents the weighted average sale price for the reported transaction and has been rounded to the nearest cent. The Reporting Person undertakes that he will provide, upon request by the staff of the U.S. Securities and Exchange Commission, full information regarding the number of securities sold at each separate price within the ranges set forth in footnotes 2, 3 and 4. |
3. Sold at a range of between $20.90 and $21.1375 per share. The sale price represents the weighted average sale price for the reported transaction and has been rounded to the nearest cent. |
4. Sold at a range of between $21.00 and $21.55 per share. The sale price represents the weighted average sale price for the reported transaction and has been rounded to the nearest cent. |
5. All shares are owned directly or in a revocable trust of the reporting person, except for the following shares, which are owned indirectly: 2,661 shares which are owned through 401(k) plan, 325,500 that are owned by the Reporting Person's spouse and children and 21,500 shares held by a charitable trust. |
Robert B. Barnhill, Jr. by Aric Spitulnik by Power of Attorney | 03/09/2018 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |