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TSS, Inc. Director's Dealing 2012

Jun 8, 2012

33106_dirs_2012-06-08_55793a66-f54e-4893-a2de-3992ba6ab6b8.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Fortress International Group, Inc. (FIGI.PK)
CIK: 0001320760
Period of Report: 2012-06-06

Reporting Person: DEC TIMOTHY C (Chief Financial Officer)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2012-06-06 Employee Stock Option (Right to Buy) $0.44 A 150000 Acquired 2022-04-30 Common Stock (150000) Direct

Footnotes

F1: Exercise price is equal to the average of the high and low bid prices for the Company's common stock reported daily on the OTCQB marketplace during the 20 trading days following April 30, 2012.

F2: The option grant was approved by the Company's board of directors on April 30, 2012, subject to stockholder approval of an amendment to the Company's 2006 Omnibus Incentive Compensation Plan to increase the maximum number of shares of common stock that may be issued under that plan. The Company's stockholders approved that amendment on June 6, 2012.

F3: The option becomes exercisable when the fair market value of the Company's common stock is at least $3.00 for 20 consecutive business days.