4 1 saffellsep25_02.htm SAFFELL FORM 4, SEPT. 25, 2002 FORM 4

FORM 4

       o   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*
      SAFFELL, CHARLES, R.

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

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

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

              Senior Vice President                                         

(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

 

 

 

 

 

 

 

6,045(1)

D

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 
Employee Stock Options

(right to buy)

$1.590

9/25/02

 


A

62,782

 

 
(2)

3/18/09

Common
Stock

62,782

 

 
93,186

D

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Explanation of Responses:
(1)  Amount carried forward from Form 3 previously filed by the reporting person for September 11, 2002.
(2)  These options were granted to the reporting person on March 19, 1999 under the Titan Systems Corporation Stock Option Plan.  The option vests as to one forty-eighth (1/48th) of the total option grant on the first day of the month following the date of grant and thereafter as to one forty-eighth (1/48th) on the first of each month thereafter until fully vested on March 1, 2003.  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.


     /s/ Charles R. Saffell                 
**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.