Howard Timothy Eriksen - 29 Jan 2024 Form 4 Insider Report for TSR INC (TSRI)

Role
Director
Signature
/s/ H. Timothy Eriksen
Issuer symbol
TSRI
Transactions as of
29 Jan 2024
Net transactions value
$0
Form type
4
Filing time
31 Jan 2024, 17:00:26 UTC
Previous filing
30 Oct 2023
Next filing
28 Jun 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TSRI Common Stock, $0.01 par value Disposed to Issuer $0 -10,000 -34% $0.000000 19,104 29 Jan 2024 Direct F1
transaction TSRI Common Stock, $0.01 par value Award $0 +10,000 +52% $0.000000 29,104 29 Jan 2024 Direct F2
holding TSRI Common Stock, $0.01 par value 8,041 29 Jan 2024 See Note F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the expiration of restricted stock granted under the TSR, Inc. 2020 Equity Incentive Plan.
F2 Represents restricted stock award granted under the TSR, Inc. 2020 Equity Incentive Plan. The shares of restricted stock will remain subject to forfeiture over three years until the Company's common stock have traded at certain pre-determined price thresholds for a 30-trading-day period. Once a price threshold was achieved by certain target dates, the forfeiture restrictions for the portion of the award related to that threshold will lapse, provided that the reporting person continues to provide services to the Company at the time of vesting.
F3 Mr. Eriksen is the Managing Member of Eriksen Capital Management ("ECM") which manages separately managed accounts ("SMAs") and is also the Managing Member of Cedar Creek Partners, an investment partenrship. ECM executed open market purchases for shares of common stock in various SMAs, including shares for accounts of adult children of Mr. Eriksen. The respective owners of the SMAs are responsible to vote the shares. The reporting person disclaims benefiical ownership of the reported securities except to the extent of his pecuniary interest therein.