Director Peter H Woodward sold 619,003 shares (96.1% of holdings) at $4.99–$5.06 for $3.1M on Aug 29–30.
Peter H Woodward, a director at TSSI, executed 2 separate sales totaling 619,003 shares for $3,087,381.91, reducing his holdings from 644,003 shares to 25,000 shares. The sales occurred at prices ($5.06 on Aug 29 and $4.91 on Aug 30) very close to the current price of $5.04 and near the 52-week high of $5.19. The stock has surged 106.6% over 30 days and 180.0% over 90 days from substantially lower levels ($0.25 to date), suggesting a dramatic recent appreciation. TSSI shows strong fundamentals with annual revenue growth of 77.6%, net income of $1,402,000, and a P/E of 63.0; the director's near-complete exit from a company he continues to serve on the board of warrants examination of motivations and forward guidance.