TUCOWS INC /PA/ — Director's Dealing 2015

Mar 20, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TUCOWS INC /PA/ (TCX)
CIK: 0000909494
Period of Report: 2015-03-19

Reporting Person: COOPERMAN MICHAEL (CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-03-19	Common Stock	M	18750	$2.40	Acquired	234144	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-03-19	Stock Option (right to buy common stock)	$2.40	M	18750	Disposed	2015-05-22	Common Stock (18750)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	37188	Indirect

Footnotes

F1: 25% of the options granted vest one year after the grant date and the remainder vest on a monthly basis for the three years thereafter.