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TUCOWS INC /PA/ Director's Dealing 2012

May 24, 2012

33701_dirs_2012-05-24_b5ea835a-68e8-4fbf-9b55-4face0ddf214.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TUCOWS INC /PA/ (TCX)
CIK: 0000909494
Period of Report: 2012-05-23

Reporting Person: GISSIN EREZ (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2012-05-23 Common Stock M 5000 $0.99 Acquired 15000 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2012-05-23 Stock Option (Right to Buy) $0.99 M 5000 Disposed 2012-06-06 Common Stock (5000) Direct