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Filing Details

Accession Number:: 0001437749-24-028324
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2024-09-03 21:26:35
Reporting Period:: 2024-08-29

Accepted Time:: 2024-09-03 21:26:35
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1320760	Tss Inc.	TSSI	Services-Management Consulting Services (8742)	202027651

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1369119	H Peter Woodward	C/O Tss, Inc. 110 E. Old Settlers Road Round Rock TX 78664		Yes	No	Yes	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2024-08-29	326,622	$5.06	1,525,902	No	4	S	Indirect	Shares held through MHW Partners, L.P.
Common Stock	Disposition	2024-08-30	292,381	$4.91	1,233,521	No	4	S	Indirect	Shares held through MHW Partners, L.P.
Common Stock	Acquisiton	2024-08-16	15,574	$0.00	15,574	No	4	J	Direct
Common Stock	Acquisiton	2024-08-16	25,000	$0.00	25,000	No	4	J	Indirect	Shares held through MHW Capital Management LLC

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	Shares held through MHW Partners, L.P.
No	4	S	Indirect	Shares held through MHW Partners, L.P.
No	4	J	Direct
No	4	J	Indirect	Shares held through MHW Capital Management LLC

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	1,400,826	Indirect	Shares held through MHW SPV II, LLC
Common Stock	885,714	Indirect	Shares subject to performance related fee

Footnotes

The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $5.00 to $5.20, inclusive. The reporting person undertakes to provide to TSS, Inc., any security holder of TSS, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnotes (1) and (3) of this Form 4.
The shares are owned by MHW Partners, L.P. The reporting person is the General Partner of MHW Partners, L.P. The reporting person disclaims beneficial ownership of these shares except to the extent of the reporting person's pecuniary interest in the shares.
The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $4.4355 to $5.11, inclusive.
Represents a distribution of 15,574 shares from MCM Azul II, LLC (formerly known as SOAM Azul II, LLC) ("Azul") of which the reportion person is a member. In prior reports, the reporting person reported beneficial ownership of 475,000 shares held by Azul. Effective August 16, 2024, the reporting person is no longer the Investment Manager of Azul.
Represents the receipt of 25,000 shares from Azul as a performance fee. In prior reports, the reporting person reported beneficial ownership of 475,000 shares held by Azul. Effective August 16, 2024, the reporting person is no longer the Investment Manager of Azul.
The shares are owned by MHW Capital Management, LLC. The reporting person is the principal of MHW Capital Management, LLC.
The shares are owned by MHW SPV II, LLC. The reporting person is the Manager of MHW SPV II, LLC. The reporting person disclaims beneficial ownership of these shares except to the extent of the reporting person's pecuniary interest in the shares.
The shares are owned by unaffiliated third persons, and the reporting person has a right to a performance-related fee upon the disposition of such shares. The reporting person disclaims beneficial ownership of these shares except to the extent of the reporting person's pecuniary interest in the shares.