4 1 caligiurisep25_02.htm CALIGIURI FORM 4, SEPT. 25, 2002 FORM 4

FORM 4

         Check this box if no longer
              subject to Section 16. Form 4
              or Form 5 obligations may
              continue. See Instruction 1(b).


(Print or Type Responses)

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, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

 
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1.  Name and Address of Reporting Person*
      CALIGIURI, JOSEPH F.

2.  Issuer Name and Ticker or Trading Symbol
      THE TITAN CORPORATION               (TTN)

6.  Relationship of Reporting Person(s) to Issuer
      (Check all applicable)

      _X_   Director                    _____  10% Owner
      ____   Officer                      _____  Other
                (give title below)               (specify below)

      

(Last)     (First)     (Middle)


3033 SCIENCE PARK ROAD

3.  I.R.S. Identification
     Number of Reporting
     Person, if an entity
     (voluntary)

     

4.  Statement for Month/Day/Year

       SEPTEMBER 25, 2002

(Street)



SAN DIEGO, CA  92121

 
5.  If Amendment, Date of Original

     (Month/Day/Year)

7.  Individual or Joint/Group Filing
      (Check Applicable Line)

     _X__  Form filed by One Reporting Person
     ____  Form filed by More than One Reporting Person

(City)     (State)     (Zip)

Table I — Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

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
Transactions(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

 

 

 

 

 

 

 

42,250

D(1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Table II — Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1.
Title
of
Derivative
Security
(Instr.3)

2.
 Conversion
or
Exercise
Price of
Derivative
Security

3.
Trans-
action
Date
(Month/
Day/
Year)

3A.
Deemed
Execution
Date, if
any
(Month/
Day/
Year)

4.
Trans-
action
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
Under-
lying
Securities
(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 of
Derivative
Securities:
Direct
(D) or
Indirect (I)
(Instr. 4)

11.

Nature of
Indirect
Beneficial
Ownership
(Instr. 4)




Code




V




(A)




(D)


Date
Exer-
cisable


Expira-
tion
Date




Title

Amt.
or
# of
Shares

 
DIRECTORS

  STOCK

  OPTIONS

$1.590

9/25/02

 


A

3,766

 

(2)

12/31/07

Common
Stock

3,766

 

 
28,984(4)

D

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 









































Explanation of
Responses:

 (1)  Amount carried forward from Form 4 previously filed
by the reporting person for February 2002.

 (2)  These options were granted to the reporting person
on December 31, 1997, under the Titan Systems Corporation Stock
Option Plan.  The options vested as to 25% of the total option
grant on the first anniversary of the grant date, and thereafter
became exercisable in increments of one forty-eighth
(1/48th) per month on the first day of each month until
fully exercisable on December 1, 2001.  On September 25, 2002,
Titan Systems Corporation merged with and into the issuer with the
issuer assuming all Titan Systems Corporation option grants with
the underlying securities being that of the issuer.

 (3)  Reflects adjustment to stock options as a result of
issuer’s spin-off of SureBeam Corporation on August 5,
2002.












         /s/ Joseph F.
Caligiuri                   


 **Signature of Reporting Person




    September 25,
2002     

 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, on of which must be manually signed. If space is
insufficient, see Instruction 6 for procedure