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TSS, Inc. — Director's Dealing 2009
Jan 6, 2009
33106_dirs_2009-01-05_bff594f9-3770-4a88-8ff6-736c7849cc0b.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Fortress International Group, Inc. (FIGI)
CIK: 0001320760
Period of Report: 2008-12-31
Reporting Person: DEC TIMOTHY C (Chief Financial Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2008-12-31 | Common Stock, par value $0.0001 per share | A | 25000 | — | Acquired | 105000 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2008-12-31 | Restricted Stock Units | $ | A | 15000 | Acquired | Common Stock (15000) | Direct |
Footnotes
F1: These shares of common stock represent restricted stock awarded pursuant to the Issuer's 2006 Omnibus Incentive Plan and are
subject to forfeiture; the restricted stock awarded will vest and become non-forfeitable on December 31, 2011 (thirty-six
months following the date of grant).
F2: These securities were issued as equity compensation to Mr. Dec for his performance in 2008.
F3: Each restricted stock unit represents a right to receive one share of the Issuer's common stock.
F4: These restricted stock units are subject to restrictions and will vest upon attainment of a $3.00 per share closing price of
the Issuer's common stock, par value $0.0001 per share, for twenty consecutive trading days, provided that Mr. Dec remains
employed by the Issuer through such vesting date. If the vesting condition is not met on or before December 31, 2010, the
second anniversary of the date of grant, no units shall vest and the restricted stock unit awards shall terminate.