TUCOWS INC /PA/ — Director's Dealing 2015

Dec 11, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TUCOWS INC /PA/ (TCX)
CIK: 0000909494
Period of Report: 2015-12-10

Reporting Person: Goertz Carla Anne (EVP Human Resources)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-12-10	Common Stock	M	10000	$3.76	Acquired	29525	Direct
2015-12-10	Common Stock	F	3665	$23.82	Disposed	25860	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-12-10	Stock Option (right to buy common stock)	$3.76	M	10000	Disposed	2016-02-06	Common Stock (10000)	Direct

Footnotes

F1: Under the terms of the Issuer's stock incentive plan, these shares were withheld by the Issuer to cover the option exercise price and tax withholding obligations related to the net exercise of the above options.

F2: Stock options granted under the 1996 Equity Compensation Plan. The options vested in four annual installments of 25% each beginning on the first anniversary of the grant date.