TUCOWS INC /PA/ — Director's Dealing 2014

Mar 18, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TUCOWS INC /PA/ (TCX)
CIK: 0000909494
Period of Report: 2014-03-17

Reporting Person: NOSS ELLIOT (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-03-17	Common Stock	M	37500	$3.40	Acquired	524110	Direct
2014-03-17	Common Stock	M	50000	$2.32	Acquired	574110	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-03-17	Stock Option (Right to Buy)	$2.32	M	50000	Disposed	2014-08-10	Common Stock (50000)	Direct
2014-03-17	Stock Option (Right to Buy)	$3.40	M	37500	Disposed	2014-03-18	Common Stock (37500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	118036	Indirect
Common Stock	6000	Indirect

Footnotes

F1: This number reflects the reverse stock split of 4 to 1.