SEC FORM 3 SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
 
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1. Name and Address of Reporting Person*
Buona Ralph M

(Last) (First) (Middle)
C/O TELOS CORPORATION,
19886 ASHBURN ROAD

(Street)
ASHBURN VA 20147-2358

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
01/01/2000
3. Issuer Name and Ticker or Trading Symbol
TELOS CORP [ TLSRP ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
VP, New Business Development
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Common Stock 14,700 D(1)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock options (right to buy) 05/31/1996(2) 05/31/2006 Class A Common Stock 25,000 0.95 D
Stock options (right to buy) 04/29/1997(3) 04/29/2007 Class A Common Stock 25,000 1.01 D
Stock options (right to buy) 05/11/1998(4) 05/11/2008 Class A Common Stock 12,500 1.07 D
Stock options (right to buy) 05/11/1998(5) 05/11/2008 Class A Common Stock 12,500 1.07 D
Explanation of Responses:
1. Securities beneficially owned by the reporting person as of 01/01/2000.
2. The option is exercisable in five equal annual installments. The first installment became exercisable on 5/31/1996; the second installment became exercisable on 5/31/1997; the third installment became exercisable on 5/31/1998; the fourth installment became exercisable on 5/31/1999; the fifth installment became exercisable on 5/31/2000.
3. The option is exercisable in five equal annual installments. The first installment became exercisable on 4/29/1997; the second installment became exercisable on 4/29/1998; the third installment became exercisable on 4/29/1999; the fourth installment became exercisable on 4/29/2000; the fifth installment became exercisable on 4/29/2001.
4. The option is exercisable in five equal annual installments. The first installment became exercisable on 5/11/1998; the second installment became exercisable on 5/11/1999; the third installment became exercisable on 5/11/2000; the fourth installment became exercisable on 5/11/2001; the fifth installment became exercisable on 5/11/2002.
5. 6. The option is exercisable in five equal annual installments. The first installment became exercisable on 5/11/1998; the second installment became exercisable on 5/11/1999; the third installment became exercisable on 5/11/2000; the fourth installment became exercisable on 5/11/2001; the fifth installment became exercisable on 5/11/2002.
Remarks:
Relationship of the reporting person to the issuer as of 01/01/2000.
/s/ Michele Nakazawa 03/28/2006
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
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                                POWER OF ATTORNEY

        The undersigned hereby appoints Michele Nakazawa and Therese K. Hathaway
as his/her true and lawful attorneys-in-fact, each individually with the power
to:

        (1)     execute for and on behalf of the undersigned, in the
        undersigned's capacity as an executive officer and/or director of Telos
        Corporation (the "Company"), Forms 3, 4 and 5 in accordance with Section
        16(a) of the Securities Exchange Act of 1934 and the rules thereunder;
        and

        (2)     do and perform any and all acts for and on behalf of the
        undersigned which may be necessary or desirable to complete and execute
        any such Form 3, 4 or 5 and timely file such form with the United States
        Securities and Exchange Commission, Nasdaq, New York Stock Exchange,
        and/or similar authority.

        The undersigned hereby grants to each such attorney-in-fact full power
and authority to do and perform any and every act and thing whatsoever
requisite, necessary, or proper to be done in the exercise of any of the rights
and powers herein granted, as fully as the undersigned could do if personally
present, with full power of substitution or revocation, hereby ratifying and
confirming all such attorneys-in-fact shall lawfully do or cause to be done by
virtue of this Power of Attorney. The undersigned acknowledges that the
foregoing attorneys-in-fact in acting in such capacities at the request of the
undersigned, are not assuming, nor is the Company assuming, any of the
undersigned's responsibilities to comply with Section 16(a) of the Securities
Exchange Act of 1934.

        This Power of Attorney shall remain in full force and effect until the
undersigned is no longer required to file statements or reports under Section
16(a) of the Act with respect to the undersigned's holdings of and transactions
in securities issued by the Company, unless earlier revoked by the undersigned
in a signed writing delivered to the foregoing attorneys-in-fact.

        IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to
be executed as of this 3rd day of March, 2006.

                                        /s/ Ralph M. Buona
                                        ----------------------------------------
                                        Name:

                      ACKNOWLEDGEMENT FOR POWER OF ATTORNEY

STATE OF Virginia       )
                        )
CITY/COUNTY OF Loudoun  )

        The foregoing instrument was acknowledged before me this 3rd day of
March, 2006 by Ralph Buona.

                                        Susan  C. Berry
                                        ----------------------------------------
                                        Notary Public

(SEAL)

My commission expires: November 30, 2008