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Filing Details

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
926614	/Tx/ Ltd Partners Value	C/O Ewing &Amp; Partners 4514 Cole Ave. #740 Dallas TX 75205	No	No	Yes	No
1056612	Partners & Ewing	4514 Cole Avenue Suite 740 Dallas TX 75205	No	No	Yes	No
1077701	G Timothy Ewing		No	No	Yes	No
1253027	Ewing Asset Management Llc	4514 Cole Avenue, Suite 740 Dallas TX 75205	No	No	Yes	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
12% Cumulative Exchangeable Redeemable Preferred Stock	Disposition	2011-04-01	64,519	$22.47	431,798	No	4	S	Direct

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

Footnotes

This is a joint filing by Value Partners, Ltd ("VP"), Ewing & Partners ("E&P"), Ewing Asset Management, LLC ("EAM") and Timothy G. Ewing. E&P is the general partner of VP, Mr. Ewing and EAM are the partners of E&P, and Mr. Ewing is also the sole member of EAM. For purposes of this report, all of the reporting persons are deemed 10% owners of the Issuer. This report shall not be deemed an admission that the reporting persons are, for the purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the beneficial owners of these shares.