4 1 form4jtk.htm FORM 4 FILING - JERRY T. KENDALL Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

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

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

      OMB APPROVAL

OMB Number: 3235-0287
Expires: January 31, 2005
Estimated average burden
hours per response.... 0.5


1. Name and Address of Reporting Person*

Kendall, Jerry T.

2. Issuer Name and Ticker or Trading Symbol
Technology Research Corporation (TRCI)

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

     Director  
                    
                    
                10%
      Owner
X  Officer (give title
      below)         
           Other (specify
      below)
     President; Chief Operating
      Officer

  

    
      
(Last)
           (First)     (Middle)

      
5250-140th Avenue North

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

    4. Statement
      for
Month/Day/Year 
04/16/2003

  

    
      
(Street)

      
Clearwater, FL 33760 

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

    
      
2A. Deemed 
Execution
Date,
if any 
(Month/Day/
Year)

    
      
3. Trans-
action
      Code
(Instr. 8)

    
      
4. Securities
      Acquired (A) or Disposed of (D)
(Instr. 3, 4 & 5)

    
      
5. Amount of
      
Securities 
Beneficially 
Owned Follow-
ing Reported
      Transactions(s) 
(Instr. 3 & 4)

    
      
6. Owner-
ship
      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

    
      
 

    
      
 

    
      
 

    
      
 

    
      
 

    
      
 

    
      
 

    
      
0 

    
      
 

    
      
 








  

    FORM 4
    (continued)
    
      
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. Conver-
sion 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
      & 5)

    
      
6. Date
      Exercisable
and Expiration
Date
(Month/Day/
Year)

    
      
7. Title and Amount
      of Underlying Securities
(Instr. 3 & 4)

    
      
8. Price of
      Derivative Security
(Instr. 5)

    
      
9. Number
      of
Derivative
Securities
Beneficially
Owned
Following
      
Reported Transaction(s) 
(Instr. 4)

    
      
10. Owner-
ship
      Form
of Deriv-
ative
Security:
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

    
      
Amount or Number
      of
Shares

  

    
      
Incentive stock option

    
      
$2.73

    
      
04/16/03

    
      
 

    
      
A

    
      
 

    
      
80,000 

    
      
 

    
      
04/16/06 See Below

    
      
04/16/13

    
      
Common stock

    
      
80,000

    
      
 

    
      
80,000

    
      
D

    
      
 



  

  

    Explanation of
      Responses:

Date Exercisable:
33-1/3% or 26,666 shares on 04/16/2004

                66-2/3% or 53,333 on 04/16/2005
100% or 80,000 shares on 04/16/2006



  

    

            /s/ Scott J.
      Loucks        
**Signature
      of Reporting Person		
    May 1,
      2003
Date

  

    

  

    Attorney-in-fact.

      Duly authorized under special Power of Attorney

      appointing Scott J. Loucks attorney-in-fact, dated

      April 16, 2003, by and on behalf of Jerry T. Kendall



      

  

    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.