0001567619-21-006905.txt : 20210324
0001567619-21-006905.hdr.sgml : 20210324
20210324194815
ACCESSION NUMBER: 0001567619-21-006905
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210324
FILED AS OF DATE: 20210324
DATE AS OF CHANGE: 20210324
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Easley David S
CENTRAL INDEX KEY: 0001357716
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-08443
FILM NUMBER: 21769654
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
2021-03-24
0
0000320121
TELOS CORP
TLS
0001357716
Easley David S
C/O TELOS CORPORATION
19886 ASHBURN ROAD
ASHBURN
VA
20147
0
1
0
0
VP, Finance & Controller
Common Stock
2021-03-22
4
G
0
261699
0
D
170818
D
Common Stock
2021-03-22
5
G
0
133467
0
A
133467
I
Held by Spouse
Common Stock
2021-03-22
4
G
0
128232
0
A
128232
I
By LLC
Common Stock
2021-03-22
4
G
0
133467
0
D
0
I
Held by Spouse
Common Stock
2021-03-22
4
G
0
133467
0
A
261699
I
By LLC
Common Stock
79988
I
by 401(k) plan
Common Stock
16176
D
Common Stock
50000
D
Performance-Based RSUs
2023-12-31
Common Stock
16176
16176
D
This transaction involved a gift of securities by the reporting person to his spouse. The reporting person disclaims beneficial ownership of the shares held by his spouse, and this report should not be deemed an admission that the reporting person is the beneficial owner of his spouse's shares for purposes of Section 16 or for any other purpose.
The shares are held by EFIT, LLC, a limited liability company of which the reporting person is the manager and of which the reporting person and his spouse are the only members. The reporting person disclaims beneficial ownership of the securities and the filing of the report is not an admission that the reporting person is the beneficial owner of the securities for the purpose of Section 16 or otherwise.
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
2021-03-24