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Director's Dealing 2015

Apr 1, 2015

33701_dirs_2015-04-01_f9efb7c3-3377-44e9-b2ab-0a4db3824773.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: 2015-03-27

Reporting Person: Ralls Rawleigh Hazen IV (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-03-27	Common Stock	S	8000	$19.08	Disposed	378250	Direct
2015-03-30	Common Stock	S	10100	$19.00	Disposed	368150	Direct
2015-03-31	Common Stock	S	6900	$19.04	Disposed	361250	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	40000	Indirect
Common Stock	56250	Indirect
Common Stock	6250	Indirect

Footnotes

F1: The per share price for such shares sold ranged from $18.988 to $19.0491. The Reporting Person hereby undertakes to provide upon request by the staff of the Securities Exchange Commission full information regarding the number of shares sold at each separate price.