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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
915324	Telular Corp	WRLS	Radio & Tv Broadcasting & Communications Equipment (3663)	363885440

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1450714	Jeffrey Jacobowitz	C/O Simcoe Capital Management 6 East 43Rd Street, 23Rd Floor New York NY 10017		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
Telular Common Stock	Disposition	2012-02-21	16,972	$7.86	311,502	No	4	S	Indirect	See footnote
Telular Common Stock	Disposition	2012-02-22	11,502	$7.85	300,000	No	4	S	Indirect	See footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	See footnote
No	4	S	Indirect	See footnote

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Restricted Stock Units	Acquisiton	2012-02-21	668	$7.91	668	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
48,662			No	4	A	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Telular Common Stock	120,600	Direct

Footnotes

Under Rule 16a-1, the Reporting Person may be deemed to beneficially own 311,502 shares of Telular common stock held of record by Simcoe Partners, L.P. ("Simcoe") by virtue of the fact that he is managing partner of Simcoe Management, LLC, Simcoe's general partner. The Reporting Person disclaims beneficial ownership of any shares of Telular common stock beneficially owned by Simcoe.
Under Rule 16a-1, the Reporting Person may be deemded to beneficially own 300,000 shares of telular common stock held of record by Simcoe Partners, L.P. ("Simcoe") by virtue of the fact that he is managing partner of Simcoe Managment, LLC, Simcoe's general partner. The Reporting Person disclaims beneficial ownership of any shares of Telular common stock owned by Simcoe.
The restricted stock units were credited to the Reporting Person pursuant to dividend equivalent rights included in restricted stock units held by the Reporting Person on February 21, 2012, the date on which Telular paid a dividend on its common stock.
Each restricted stock unit represents a contingent right to receive one share of Telular common stock. The restricted stock unit may be converted into Telular common stock on a one-for-one basis upon either a change in control or on the date service as a director ends.