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TELOS CORP Director's Dealing 2006

Mar 24, 2006

32821_dirs_2006-03-24_2f55bd6c-31ab-4b0d-9279-90f435041a08.zip

Director's Dealing

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SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: TELOS CORP (TLSRP)
CIK: 0000320121
Period of Report: 2001-01-02

Reporting Person: Flaherty Michael P (EVP, Gen. Counsel, CAO)

Holdings (Non-Derivative)

Security Shares Ownership
No securities were beneficially owned as of 01/02/2001 0 Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock options (right to buy) $1.40 2008-10-01 Class A Common Stock (40000) Direct
Stock options (right to buy) $1.35 2009-01-01 Class A Common Stock (60000) Direct
Stock options (right to buy) $1.35 2010-05-24 Class A Common Stock (30000) Direct

Footnotes

F1: No non-derivative securities were beneficially owned by the reporting person as 1/2/2001.

F2: The option is exercisable in two equal annual installments. The first installment became exercisable on 10/1/1998; the second installment became exercisable on 10/1/1999.

F3: The option is exercisable in two equal annual installments. The first installment became exercisable on 1/1/1999; the second installment became exercisable on 1/1/2000.

F4: The option is exercisable in two equal annual installments. The first installment became exercisable on 5/24/2000; the second installment became exercisable on 5/24/2001.