TUCOWS INC /PA/ — Director's Dealing 2018

Nov 20, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TUCOWS INC /PA/ (TCX)
CIK: 0000909494
Period of Report: 2018-11-19

Reporting Person: Ralls Rawleigh Hazen IV (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-11-19	Common Stock	M	3750	$15.51	Acquired	4439	Direct
2018-11-19	Common Stock	F	1559	$54.52	Disposed	2880	Direct
2018-11-19	Common Stock	M	3750	$24.96	Acquired	6630	Direct
2018-11-19	Common Stock	F	1559	$54.52	Disposed	5071	Direct
2018-11-19	Common Stock	M	3750	$27.53	Acquired	8821	Direct
2018-11-19	Common Stock	F	1560	$54.52	Disposed	7261	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-11-19	Stock Option (Right to Buy)	$15.51	M	3750	Disposed	2019-09-08	Common Stock (3750)	Direct
2018-11-19	Stock Option (Right to Buy)	$24.96	M	3750	Disposed	2020-09-07	Common Stock (3750)	Direct
2018-11-19	Stock Option (Right to Buy)	$27.53	M	3750	Disposed	2021-09-05	Common Stock (3750)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	689	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.