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TELOS CORP Director's Dealing 2005

Jun 6, 2005

32821_dirs_2005-06-06_6d0fe2d2-57a5-4de4-bc23-9b08997d0bec.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TELOS CORP (TLSRP)
CIK: 0000320121
Period of Report: 2005-06-02

Reporting Person: VALUE PARTNERS LTD /TX/ (10% Owner)
Reporting Person: EWING & PARTNERS (10% Owner)
Reporting Person: EWING TIMOTHY G (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-06-02	12% Cumulative Exchangeable Redeemable Preferred Stock	S	60000	$7.75	Disposed	501317	Direct