Home > Insider Trading > Filing (0001209191-11-013070)

Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1111665	Telecommunication Systems Inc	TSYS	Services-Prepackaged Software (7372)	521526369

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1134976	A Drew Morin	C/O Telecommunication Systems, Inc. 275 West Street Annapolis MD 21401	Sr. Vp & Cto	No	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Class A Common Stock	Acquisiton	2011-02-25	8,700	$3.05	247,826	No	4	X	Direct
Class A Common Stock	Disposition	2011-02-25	8,700	$4.39	239,126	No	4	S	Direct
Class A Common Stock	Acquisiton	2011-02-09	96,453	$0.00	335,579	No	4	A	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	X	Direct
No	4	S	Direct
No	4	A	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Option (Right to buy)	Disposition	2011-02-25	8,700	$3.05	8,700	$3.05
Class A Common Stock	Option (Right to buy)	Acquisiton	2011-02-09	60,912	$4.35	60,912	$4.35

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
1,105,094	2002-06-22	2011-06-22	No	4	X	Direct
1,166,006	2012-02-09	2021-02-09	No	4	A	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class A Common Stock	32,354	Indirect	By Trust

Footnotes

On February 9, 2011, the Compensation Committee of the Board of Directors granted Reporting Person the reported number of Restricted Shares of Issuer's Class A Common Stock as part of the company-wide annual grant of equity incentive compensation. Shares are restricted from transfer until vested. The shares will vest over three equal annual installments beginning one year after the date of the grant, subject only to continued service of the Reporting Person to the Issuer. As of the date hereof, none of these shares is vested.
These shares are held in an irrevocable trust for the benefit of the Reporting Person's spouse and children. The Reporting Person is the settlor and the Reporting Person's spouse is the trustee of the trust. The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or any other purpose.
On February 9, 2011, the Compensation Committee of the Board of Directors granted the Reporting Person options to acquire the reported number of shares of Class A Common Stock as part of the annual company-wide option grants. The options vest over three equal annual installments beginning one year after the date of the grant, subject only to continued service of the Reporting Person to the Issuer. As of the date hereof, none of these options is vested.