0001567619-21-001833.txt : 20210201
0001567619-21-001833.hdr.sgml : 20210201
20210201143642
ACCESSION NUMBER: 0001567619-21-001833
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210128
FILED AS OF DATE: 20210201
DATE AS OF CHANGE: 20210201
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Tracy Richard P
CENTRAL INDEX KEY: 0001357162
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-08443
FILM NUMBER: 21576281
MAIL ADDRESS:
STREET 1: C/O TELOS CORPORATION
STREET 2: 19886 ASHBURN ROAD
CITY: ASHBURN
STATE: VA
ZIP: 20147
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: TELOS CORP
CENTRAL INDEX KEY: 0000320121
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373]
IRS NUMBER: 520880974
STATE OF INCORPORATION: MD
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 19886 ASHBURN ROAD
CITY: ASHBURN
STATE: VA
ZIP: 20147
BUSINESS PHONE: 7034716000
MAIL ADDRESS:
STREET 1: 19886 ASHBURN ROAD
CITY: ASHBURN
STATE: VA
ZIP: 20147
FORMER COMPANY:
FORMER CONFORMED NAME: C3 INC
DATE OF NAME CHANGE: 19920703
4
1
doc1.xml
FORM 4
X0306
4
2021-01-28
0
0000320121
TELOS CORP
TLS
0001357162
Tracy Richard P
C/O TELOS CORPORATION
19886 ASHBURN ROAD
ASHBURN
VA
20147
0
1
0
0
VP, CSO
Common Stock
2021-01-28
4
A
0
18382
0
A
462168
D
Common Stock
2021-01-28
4
A
0
50000
0
A
512168
D
Common Stock
33577
I
By 401k Plan
Performance-Based RSUs
2021-01-28
4
A
0
18382
0
A
2023-12-31
Common Stock
18382
18382
D
Reflects approximately 0.794 to 1 reverse stock split effective November 12, 2020.
These shares of common stock represent restricted share units granted pursuant to an award agreement between the reporting person and the Issuer and are subject to forfeiture. The restricted share units awarded will vest and be settled in shares of Issuer common stock in installments as follows: (1) 30% will vest on January 21, 2022, (2) 30% will vest on January 20, 2023, and (3) 40% will vest on January 19, 2024.
These shares of common stock represent restricted share units granted pursuant to an award agreement between the reporting person and the Issuer and are subject to forfeiture. The restricted share units awarded will vest and be settled in shares of Issuer common stock in installments as follows: (1) 50% will vest on January 21, 2022, and (2) 50% will vest on January 20, 2023.
Each performance-based RSU represents a contingent right to receive one share of Issuer common stock. The performance-based RSUs will vest and be settled in shares of Issuer common stock upon Issuer's common stock (a) trading at or above a market price of $42.50 per share as reported by the NASDAQ Global Market for 20 of 30 consecutive trading days before December 31, 2023, or (b) having a weighted average market price of $42.50 per share as reported by the NASDAQ Global Market over any 30 consecutive trading days before December 31, 2023.
/s/ Helen M. Oh, attorney-in-fact
2021-02-01