Tessco (TESS) Form 4 TESSCO / BENN KONSYNSKI 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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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^*

KONSYNSKI BENN

(Last) (First) (Middle)

253 SOUTHERN HILL DRIVE

(Street)

DULUTH GA 30097

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
TESSCO TECHNOLOGIES INC [ TESS ]

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

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
05/15/2020

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
Common Stock	05/15/2020		M		5,000	A	(1)(2)	155,142	D
Common Stock	05/15/2020		A		9,403	A	(3)	164,545	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

Explanation of Responses:

1. Includes 3,000 shares covered by Restricted Stock Units (or RSUs) awarded May 15, 2020 (for fiscal year 2021) which vest in four equal installments annually, beginning May 15, 2021. Also includes 500 shares covered by RSUs awarded for fiscal year 2017 and 750 shares covered by RSUs awarded for fiscal year 2018, all of which are fully vested, and an additional 750 shares covered by RSUs awarded for fiscal year 2018 which vest on or about May 1, 2021; in each case provided that the reporting person remains associated with the Issuer on the applicable issue date. The Reporting Person has now elected to report all shares underlying RSUs (including those awarded for fiscal year 2017, 2018, 2019, 2020 and 2021) in Table I instead of Table II.

2. RSUs are subject to time vesting; 25% of the shares are issued annually beginning on the first anniversary of the award date and in three successive annual installments of 25% each, thereafter, provided the recipient remains associated with Issuer on the applicable vesting date or at an earlier date under certain circumstances.

3. Reflects restricted stock in lieu of director fees. Risk of forfeiture lapses in full on July 1, 2021 provided the Reporting Person remains associated on that date (or if not associated for select reasons).

	Benn Konsynski by Aric Spitulnik by Power of Attorney	05/19/2020
	** 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).
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