TUCOWS INC /PA/ — Director's Dealing 2017

Mar 3, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TUCOWS INC /PA/ (TCX)
CIK: 0000909494
Period of Report: 2017-03-01

Reporting Person: Goertz Carla Anne (EVP Human Resources)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-03-01	Common Stock	M	8750	$2.92	Acquired	8750	Direct
2017-03-01	Common Stock	M	7500	$5.52	Acquired	16250	Direct
2017-03-01	Common Stock	M	6250	$5.76	Acquired	22500	Direct
2017-03-01	Common Stock	M	4687	$10.16	Acquired	27187	Direct
2017-03-01	Common Stock	M	2500	$19.41	Acquired	29687	Direct
2017-03-01	Common Stock	M	1250	$21.10	Acquired	30937	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-03-01	Stock Option (Right to Buy)	$2.92	M	8750	Disposed	2018-08-14	Common Stock (8750)	Direct
2017-03-01	Stock Option (Right to Buy)	$5.52	M	7500	Disposed	2019-05-17	Common Stock (7500)	Direct
2017-03-01	Stock Option (Right to Buy)	$5.76	M	6250	Disposed	2019-12-31	Common Stock (6250)	Direct
2017-03-01	Stock Option (Right to Buy)	$10.16	M	4687	Disposed	2020-11-10	Common Stock (4687)	Direct
2017-03-01	Stock Option (Right to Buy)	$19.41	M	2500	Disposed	2022-01-01	Common Stock (2500)	Direct
2017-03-01	Stock Option (Right to Buy)	$21.10	M	1250	Disposed	2023-01-03	Common Stock (1250)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1275	Indirect

Footnotes

F1: Options vest equally at 25% per year after one year then being fully vested after 4 years.