TSR (TSRI) director Eriksen bought 3,504 shares for $30.3K at an average $8.65

Insider transactions reported

Howard Timothy Eriksen (director at TSR Inc., TSRI) reported that they bought 3,504 shares for $30.3K at an average $8.65 between Aug 19, 2022 and Aug 22, 2022. After these transactions the filing shows 3,504 shares held indirectly (See Footnote).

Reporting person

Eriksen Howard Timothy

Holdings before and after

• Common Stock, $0.01 par value: 0 to 3,504 indirect, See Footnote

Other positions listed

• Common Stock, $0.01 par value: 26,800 direct

Footnotes from the filing

1. 1. Mr. Eriksen is the Managing Member of Eriksen Capital Management ( ECM ) which manages separately managed accounts ( SMAs ) and is also the Managing Member of Cedar Creek Partners, an investment partenrship. ECM executed open market purchases for 3,504 shares of common stock in various SMAs. The respective owners of the SMAs are responsible to vote the shares. The reporting person disclaims benefiical ownership of the reported securities except to the extent of his pecuniary interest therein.
2. 2. These shares are owned solely by Mr. Eriksen. They represent restricted stock awards granted under the TSR, Inc. 2020 Equity Incentive Plan. Of these shares, 6,800 are fully vested and 20,000 of these shares of restricted stock will remain subject to forfeiture for three years from the grant date. The lapse of the forfeiture restrictions is conditioned on the reporting person continuing to provide services to TSR, Inc. (the Company ) through each vesting date.

Transaction codes in this filing

Open-market purchase:

Code P marks a purchase in the open market or a private deal. The insider paid for these securities.

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