Thomas C. Salerno - 29 Jan 2024 Form 4/A Insider Report for TSR INC (TSRI)

Signature
/s/ Thomas C. Salerno
Issuer symbol
TSRI
Transactions as of
29 Jan 2024
Net transactions value
$0
Form type
4/A
Filing time
02 Feb 2024, 17:00:32 UTC
Date Of Original Report
31 Jan 2024
Previous filing
01 Feb 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 -16,667 -48% $0.000000 18,198 29 Jan 2024 Direct F1, F3
transaction TSRI Common Stock, $0.01 par value Award $0 +16,667 +92% $0.000000 34,865 29 Jan 2024 Direct F2
* 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 On January 31, 2024, the reporting person filed a Form 4 which inadvertently reported that, following his disposition of 16,667 shares of common stock, he directly owned 24,865 shares of common stock. It should have been reported that he directly owned 18,198 shares of common stock following such disposition. The amounts shown in Column 5 in this amendment reflect the total amount of shares the reporting person directly beneficially owns following that disposition as well as an acquisition of 16,667 shares of common stock, which acquisition was correctly reported in the January 31, 2024 filing.