Filing Details

Accession Number:
0001213900-22-072853
Form Type:
4
Zero Holdings:
No
Publication Time:
2022-11-15 17:02:23
Reporting Period:
2022-11-14
Accepted Time:
2022-11-15 17:02:23
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
98338 Tsr Inc TSRI Services-Computer Programming Services (7371) 132635899
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1650715 Timothy Howard Eriksen 8695 Glendale Rd.
Custer WA 98240
Yes No No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock, $0.01 Par Value Acquisiton 2022-11-14 3,508 $7.31 7,012 No 4 P Indirect See footnote
Common Stock, $0.01 Par Value Acquisiton 2022-11-15 1,029 $7.40 8,041 No 4 P Indirect See footnote
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect See footnote
No 4 P Indirect See footnote
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock, $0.01 Par Value 26,800 Direct
Footnotes
  1. Mr. Eriksen is the Managing Member of Eriksen Capital Management ("ECM") which manages separately managed accounts ("SMAs") and is also the Managing Member of Cedar Creek Partners, an investment partenrship. ECM executed open market purchases for 4,537 shares of common stock in various SMAs, including 1,701 shares for accounts of adult children of Mr. Eriksen. The respective owners of the SMAs are responsible to vote the shares. The reporting person disclaims benefiical ownership of the reported securities except to the extent of his pecuniary interest therein.
  2. These shares are owned solely by Mr. Eriksen. They represent restricted stock awards granted under the TSR, Inc. 2020 Equity Incentive Plan. Of these shares, 6,800 are fully vested and 20,000 of these shares of restricted stock will remain subject to forfeiture for three years from the grant date. The lapse of the forfeiture restrictions is conditioned on the reporting person continuing to provide services to TSR, Inc. (the "Company") through each vesting date.