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Filing Details

Accession Number:: 0001144204-15-042464
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2015-07-14 17:39:16
Reporting Period:: 2015-07-10

Filing Date:: 2015-07-14
Accepted Time:: 2015-07-14 16:39:16
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
320121	Telos Corp	TLSRP	Services-Computer Integrated Systems Design (7373)	520880974

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
899083	Wynnefield Partners Small Cap Value Lp	450 Seventh Avenue Suite 509 New York NY 10123	No	No	Yes	No
1017043	Nelson Obus	450 Seventh Avenue Suite 509 New York NY 10123	No	No	Yes	No
1030806	Ltd Fund Offshore Value Cap Small Wynnefield	450 Seventh Avenue Suite 509 New York NY 10123	No	No	Yes	No
1056835	Wynnefield Capital Management Llc	450 Seventh Avenue Suite 509 New York NY 10123	No	No	Yes	No
1251565	Wynnefield Partners Small Cap Value Lp I	450 Seventh Avenue Suite 509 New York NY 10123	No	No	Yes	No
1251567	Wynnefield Capital Inc	450 Seventh Avenue Suite 509 New York NY 10123	No	No	Yes	No
1251568	Joshua Landes	450 Seventh Avenue Suite 509 New York NY 10123	No	No	Yes	No
1273617	P L Ii Partnership Channel	450 Seventh Avenue Suite 509 New York NY 10123	No	No	Yes	No
1289453	Wynnefield Capital, Inc. Profit Sharing Plan	450 Seventh Avenue Suite 509 New York NY 10123	No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Preferred Stock, Par Value $.01 Per Share	Acquisiton	2015-07-10	21,721	$10.70	144,319	No	4	P	Direct
Preferred Stock, Par Value $.01 Per Share	Acquisiton	2015-07-10	34,951	$10.70	226,792	No	4	P	Indirect	See Footnote
Preferred Stock, Par Value $.01 Per Share	Acquisiton	2015-07-10	13,328	$10.70	106,354	No	4	P	Indirect	See Footnote
Preferred Stock, Par Value $.01 Per Share	Acquisiton	2015-07-10	15,000	$10.70	15,000	No	4	P	Indirect	See footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Direct
No	4	P	Indirect	See Footnote
No	4	P	Indirect	See Footnote
No	4	P	Indirect	See footnote

Footnotes

12% Cumulative Exchangeable Redeemable Preferred Stock, par value $.01 per share (the "Preferred Stock"), of Telos Corporation (TLSRP) ("Telos").
On July 10, 2015 Wynnefield Partners Small Cap Value, L.P. (the "Partnership") purchased 21,721 shares of Preferred Stock reported herein. As a consequence, the Partnership directly beneficially owns 144,319 shares of Preferred Stock. Wynnefield Capital Management, LLC ("WCM"), as the sole general partner of the Partnership, has an indirect beneficial ownership interest in the shares of Preferred Stock that the Partnership directly beneficially owns. Nelson Obus and Joshua Landes, as co-managing members of WCM, have an indirect beneficial ownership interest in the shares of Preferred Stock that the Partnership directly beneficially owns.
On July 10, 2015 Wynnefield Partners Small Cap Value, L.P. I ("Partnership-I") purchased 34,951 shares of Preferred Stock reported herein. As a onsequence, Partnership-I directly beneficially owns 226,792 shares of Preferred Stock, to which the Partnership has an indirect beneficial ownership as members of a group under Section 13(d) of the Securities Exchange Act of 1934, as amended. Partnership-I, which maintains offices at the same address as the Reporting Person, is filing this statement jointly with the Reporting Person. WCM, as the sole general partner of Partnership-I has indirect beneficial ownership interest in the shares of Preferred Stock that Partnership-I directly beneficially owns. Mr. Obus and Mr. Landes, as co-managing members of WCM, have an indirect beneficial ownership interest in the shares of Preferred Stock that Partnership-I directly beneficially owns.
On July 10, 2015 Wynnefield Small Cap Value Offshore Fund (the "Fund") purchased 13,328 shares of Preferred Stock reported herein. As a consequence, the Fund directly beneficially owns 106,354 shares of Preferred Stock, to which the Partnership has an indirect beneficial ownership as members of a group under Section 13(d) of the Securities Exchange Act of 1934, as amended. The Fund, which maintains offices at the same address as the Reporting Person, is filing this statement jointly with the Reporting Person. Wynnefield Capital, Inc. ("WCI"), as the sole investment manager of the Fund, has an indirect beneficial ownership interest in the shares of Preferred Stock that the Fund directly beneficially owns. Mr. Obus and Mr. Landes, as principal executive officers of WCI, have an indirect beneficial ownership interest in the shares of Preferred Stock that the Fund directly beneficially owns.
On July 10, 2015 the Wynnefield Capital, Inc. Profit Sharing Plan (the "Plan") purchased 15,000 shares of Preferred Stock reported herein, to which the Partnership has an indirect beneficial ownership as members of a group under Section 13(d) of the Securities Exchange Act of 1934, as amended. The Plan, which maintains offices at the same address as the Reporting Person, is filing this statement jointly with the Reporting Person. WCI, as the sole investment manager of the Plan, has an indirect beneficial ownership interest in the shares of Preferred Stock that the Plan directly beneficially owns and is also filing this Form jointly with the Reporting Person. Mr. Obus and Mr. Landes, as principal executive officers of WCI, have an indirect beneficial ownership interest in the shares of Preferred Stock that the Plan directly beneficially owns.
Mr. Obus and Mr. Landes disclaim beneficial ownership of the securities described in this statement, except to the extent of their individual pecuniary interest in such securities. The filing of this statement shall not be deemed an admission that Mr. Obus and Mr. Landes are, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owner of any securities specified in this statement.