DOWLING VINCENT J. JR sold 18.1% of their position (75K shares) of TEL INSTRUMENT ELECTRONICS CORP on the open market

Open‑market sale worth $374.6K — a significant reduction. Review remaining holdings and any 10b5‑1 plan disclosures.

S · 3 sales

DOWLING VINCENT J. JR

Filed: 8/21/2018ACC: 0001575705-18-000178

InsiderDOWLING VINCENT J. JRCIK 1599510

→

IssuerTEL INSTRUMENT ELECTRONICS CORPCIK 96885

10% Owner

Since Aug 2018

+258.33K

Net shares

Net buyer

$374.6K

Total sold

Open market trades

0B · 3S

Total transactions

333.33K acquired · 75K disposed

Non-Derivative Transactions3

Common Stock, par value $0.10 per share

Indirect

S · Sale

−3.30K

Price / share

$5.00

Trade value

$16.48K

% of position

New position

8/17/2018

3.30K→0.00

Common Stock, par value $0.10 per share

Indirect

S · Sale

−67.90K

Price / share

$5.00

Trade value

$339.16K

% of position

16.5%

8/17/2018

410.92K→343.02K

Common Stock, par value $0.10 per share

Indirect

S · Sale

−3.80K

Price / share

$5.00

Trade value

$18.98K

% of position

1.1%

8/17/2018

343.02K→339.22K

Total

Net shares

−75K

Net value

-$374.63K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock, par value $0.10 per share Indirect	8/17/2018	S · Sale	−3.30K	$5.00	$16.48K	New position	3.30K	0.00
Common Stock, par value $0.10 per share Indirect	8/17/2018	S · Sale	−67.90K	$5.00	$339.16K	16.5%	410.92K	343.02K
Common Stock, par value $0.10 per share Indirect	8/17/2018	S · Sale	−3.80K	$5.00	$18.98K	1.1%	343.02K	339.22K
Total			−75K		-$374.63K

Derivative Transactions1

Series A Convertible Preferred Stock

Indirect

P · Purchase

Converts to

Common Stock

666.67K shares

+333.33K

Strike price

Held after

333.33K

Exercisable

—

11/13/2017

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Series A Convertible Preferred Stock Indirect	Common Stock666.67K shares	11/13/2017	P · Purchase	+333.33K		—	333.33K

Non-Derivative Holdings (Post-Transaction)2

Common Stock, par value $0.10 per share

Indirect

Shares owned0.00

Common Stock, par value $0.10 per share

Indirect

Shares owned339.22K

Total

339.22K indirect339.22K

Security Title	Shares Owned	Ownership Type
Common Stock, par value $0.10 per share	0.00	Indirect
Common Stock, par value $0.10 per share	339.22K	Indirect
Total	339.22K	339.22K indirect

Derivative Holdings (Post-Transaction)1

Common Stock Warrant

Indirect

Underlying security

Common Stock

Underlying shares

50K

Shares owned

50K

Exercise price

3.35

Expiration

—

Exercise window

—

Total

Underlying

50K

Owned

50K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Common Stock Warrant Indirect	Common Stock	3.35	—	—	50K	50K
Total					50K	50K