TUCOWS INC /PA/ — Director's Dealing 2013

May 23, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TUCOWS INC /PA/ (TCX)
CIK: 0000909494
Period of Report: 2013-05-23

Reporting Person: Karp Allen (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-05-23	Common Stock	M	20000	$0.60	Acquired	40000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-05-23	Stock Option (Right to Buy)	$0.60	M	20000	Disposed	2013-05-23	Common Stock (20000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	20000	Indirect

Footnotes

F1: Karpkorp Inc. #1 holds these shares as nominee for Mr. Karp's wife. Mr. Karp disclaims beneficial ownership of the shares held by Karpkorp #1