Filing Details

Accession Number:
0001213900-21-029095
Form Type:
4
Zero Holdings:
No
Publication Time:
2021-05-25 17:00:33
Reporting Period:
2021-05-24
Accepted Time:
2021-05-25 17:00:33
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
1226380 E Robert Fitzgerald 101 Se 25Th Avenue
Mineral Wells TX 76067
Yes 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
Common Stock, $0.01 Par Value Acquisiton 2021-05-24 2,500 $8.70 498,884 No 4 P Indirect By QAR Industries, Inc.
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect By QAR Industries, Inc.
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock, $0.01 Par Value 30,000 Direct
Footnotes
  1. Includes restricted stock award of 20,000 shares granted under the TSR, Inc. 2020 Equity Incentive Plan. The shares of restricted stock will remain subject to forfeiture during three years, during such time the forfeiture restrictions will lapse with respect to 10,000 shares, 5,000 shares and 5,000 shares respectively on each anniversary date of 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.
  2. Includes restricted stock award of 10,000 shares granted under the TSR, Inc. 2020 Equity Incentive Plan. The shares of restricted stock will remain subject to forfeiture over three years until the Company's common stock have traded at certain pre-determined price thresholds for a 30-trading-day period. Once a price threshold was achieved by certain target dates, the forfeiture restrictions for the portion of the award related to that threshold will lapse, provided that the reporting person continues to provide services to the Company at the time of vesting.
  3. Shares held by QAR Industries, Inc. of which the reporting person is President, Chairman of the Board and majority shareholder.