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Filing Details

Accession Number:: 0000899243-17-014556
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2017-05-26 16:38:17
Reporting Period:: 2017-05-24

Filing Date:: 2017-05-26
Accepted Time:: 2017-05-26 16:38:17
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
878726	Tuesday Morning Corp	TUES	Retail-Variety Stores (5331)	752398532

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1349005	R Steven Becker	500 Crescent Court, Suite 230 Dallas TX 75201	Chief Executive Officer	Yes	Yes	No	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
Common Stock	Disposition	2017-05-24	1,049,782	$0.00	194,405	No	4	J	Indirect	See Footnotes
Common Stock	Acquisiton	2017-05-24	40,100	$1.85	593,137	No	4	P	Direct
Common Stock	Disposition	2017-05-25	173,941	$0.00	20,464	No	4	J	Indirect	See Footnotes
Common Stock	Acquisiton	2017-05-25	50,000	$1.80	643,137	No	4	P	Direct
Common Stock	Disposition	2017-05-26	20,464	$0.00	0	No	4	J	Indirect	See Footnotes

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

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Non-Qualified Stock Option (Right to Buy)	$6.71	2026-09-01	248,385	248,385	Direct
Common Stock	Non-Qualified Stock Option (Right to Buy)	$5.64	2026-02-02	295,508	295,508	Direct
Common Stock	Non-Qualified Stock Option (Right to Buy)	$4.22	2022-07-01	10,000	10,000	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2026-09-01	248,385	248,385	Direct
2026-02-02	295,508	295,508	Direct
2022-07-01	10,000	10,000	Direct

Footnotes

Represents shares of common stock of Tuesday Morning Corporation, par value $0.01 per share ("Shares"), that were distributed by Western Family Value I, L.P. ("WFV I") on a pro rata basis to partners of WFV I (the "WFV Distribution").
This statement is filed by and on behalf of Steven R. Becker. Mr. Becker and WFV I are the direct beneficial owners of the securities covered by this statement.
The reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise, the beneficial owner of any securities covered by this statement. The reporting person disclaims beneficial ownership of the securities covered by this statement, except to the extent of the pecuniary interest of such person in such securities.
Mr. Becker is a limited partner of, and may be deemed to beneficially own certain securities owned by, WFV I. Western Family Value, LLC ("WFV") is the general partner of, and may be deemed to beneficially own securities owned by, WFV I. Mr. Becker is the sole member of, and may be deemed to beneficially own securities owned by, WFV.
Represents Shares directly beneficially owned by WFV I.
Includes 204,635 Shares received by Mr. Becker from WFV I as a result of the WFV Distribution. The acquisition of such Shares by Mr. Becker in the WFV Distribution constituted a change in the form of beneficial ownership without a change in pecuniary interest that is exempt from Section 16 of the Exchange Act pursuant to Rule 16a-13 thereunder. Rule 16a-9(a) under the Exchange Act may also exempt the acquisition of such Shares by Mr. Becker in the WFV Distribution from Section 16 of the Exchange Act.
The option vests in equal annual installments over four years beginning on the first anniversary of the grant date. The option was granted to Mr. Becker on September 1, 2016 pursuant to the Tuesday Morning Corporation 2014 Long-Term Incentive Plan.
The option vests in equal annual installments over four years beginning on the first anniversary of the grant date. The option was granted to Mr. Becker on February 2, 2016 pursuant to the Tuesday Morning Corporation 2014 Long-Term Incentive Plan.
The option is fully vested and currently exercisable, and was granted to Mr. Becker on July 1, 2012 pursuant to the Tuesday Morning Corporation 2004 Long-Term Equity Incentive Plan.