Telecommunication Systems (TSYS) Form 4 TELECOMMUNICATION SYSTEMS / RICHARD A YOUNG ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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X

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

YOUNG RICHARD A

(Last) (First) (Middle)

C/O TELECOMMUNICATION SYSTEMS, INC.

275 WEST STREET

(Street)

ANNAPOLIS MD 21401

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
TELECOMMUNICATION SYSTEMS INC /FA/ [ TSYS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Exec. VP & COO

3. Date of Earliest Transaction (Month/Day/Year)
02/23/2016

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	02/23/2016		U		484,572	D	$5	0	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option	$2.39	02/23/2016		D			104,104	03/08/2009	03/08/2016	Class A Common Stock	104,104	$5	1,054,452	D
Stock Option	$3.69	02/23/2016		D			230,000	02/06/2010	02/06/2017	Class A Common Stock	230,000	$5	824,452	D
Stock Option	$3.09	02/23/2016		D			250,000	01/28/2011	01/28/2018	Class A Common Stock	250,000	$5	574,452	D
Stock Option	$4.35	02/23/2016		D			78,315	02/09/2014	02/09/2021	Class A Common Stock	78,315	$5	496,137	D
Stock Option	$2.84	02/23/2016		D			31,708	02/09/2015	02/09/2022	Class A Common Stock	31,708	$5	464,429	D
Stock Option	$2.37	02/23/2016		D			27,000	02/08/2016	02/08/2023	Class A Common Stock	27,000	$5	437,429	D
Stock Option	$2.21	02/23/2016		D			15,000	02/23/2016	02/14/2024	Class A Common Stock	15,000	$5	422,429	D
Stock Option	$3.61	02/23/2016		D			172,429	02/23/2016	03/26/2025	Class A Common Stock	172,429	$5	250,000	D
Stock Option	$7.95	02/23/2016		D			125,000	03/02/2012	03/02/2019	Class A Common Stock	125,000	$0.00	125,000	D
Stock Option	$8.17	02/23/2016		D			125,000	02/08/2013	02/08/2020	Class A Common Stock	125,000	$0.00	0	D

Explanation of Responses:

Remarks:

	/s/Bruce A. White, by power-of-attorney	02/23/2016
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.