UNITED STATES

 

 

SECURITIES AND EXCHANGE COMMISSION

 

 

Washington, D.C. 20549

 

 

SCHEDULE 13G

 

 

Under the Securities Exchange Act of 1934
(Amendment No. 7)*

 

TESSCO Technologies Incorporated

(Name of Issuer)

Common Stock

(Title of Class of Securities)

872386107

(CUSIP Number)

December 31, 2005

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

o

Rule 13d-1(b)

o

Rule 13d-1(c)

ý

Rule 13d-1(d)

 

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 



 

 

CUSIP No. 872386107

 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Robert B. Barnhill, Jr.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

o Not Applicable.

 

 

(b)

o Not Applicable.

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
United States

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
842,625 (as of December 31, 2005) (includes 65,000 shares purchasable under options exercisable within sixty days of December 31, 2005 and 105,000 shares owned by two limited liability companies of which Mr. Barnhill is the sole manager).

 

6.

Shared Voting Power 
55,736 (as of December 31, 2005) (includes 30,000 shares held by Mr. Barnhill’s spouse, 10,000 shares held by a private charitable foundation of which Mr. Barnhill and his spouse are the sole directors, 15,000 shares held by a trust of which Mr. Barnhill is one of two trustees, and 736 shares held in Mr. Barnhill’s 401(k) plan account).  Pursuant to Rule 13d-4 under the Securities Exchange Act of 1934, this shall not be deemed as an admission of beneficial ownership of the 10,000 shares held by the charitable foundation, or the 15,000 shares held by the trust.

 

7.

Sole Dispositive Power 
843,361 (as of December 31, 2005) (includes 65,000 shares purchasable under options exercisable within sixty days of December 31, 2005 and 105,000 shares owned by two limited liability companies of which Mr. Barnhill is the sole manager and 736 shares held in Mr. Barnhill’s 401(k) plan account).

 

8.

Shared Dispositive Power
55,000 (as of December 31, 2005) (includes 30,000 shares held by Mr. Barnhill’s spouse, 10,000 shares held by a private charitable foundation of which Mr. Barnhill and his spouse are the sole directors and 15,000 shares held by a trust of which Mr. Barnhill is one of two trustees).  Pursuant to Rule 13d-4 under the Securities Exchange Act of 1934, this shall not be deemed as an admission of beneficial ownership of these shares.

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
898,361 (as of December 31, 2005) (includes 65,000 shares purchasable under options exercisable within sixty days of December 31, 2005, 105,000 shares owned by two limited liability companies of which Mr. Barnhill is the sole manager, 736 shares held in Mr. Barnhill’s 401(k) plan account, 30,000 shares held by Mr. Barnhill’s spouse, 10,000 shares held by a private charitable foundation of which Mr. Barnhill and his spouse are the sole directors and 15,000 shares held by a trust of which Mr. Barnhill is one of two trustees).  Pursuant to Rule 13d-4 under the Securities Exchange Act of 1934, this shall not be deemed as an admission of beneficial ownership of the 30,000 shares owned by Mr. Barnhill’s spouse, the 10,000 shares owned by the charitable foundation or the 15,000 shares owned by the trust.

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
21.4%

 

 

12.

Type of Reporting Person (See Instructions)
IN

 

2



 

Item 1.

 

(a)

Name of Issuer

 

 

TESSCO Technologies Incorporated

 

(b)

Address of Issuer’s Principal Executive Offices

 

 

11126 McCormick Road
Hunt Valley, Maryland  21031

 

Item 2.

 

(a)

Name of Person Filing

 

 

Robert B. Barnhill, Jr.

 

(b)

Address of Principal Business Office or, if none, Residence

 

 

11126 McCormick Road
Hunt Valley, Maryland  21031

 

(c)

Citizenship

 

 

United States

 

(d)

Title of Class of Securities

 

 

Common Stock

 

(e)

CUSIP Number

 

 

872386107

 

Item 3.

If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

 

(a)

o

Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

 

(b)

o

Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

 

(c)

o

Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

 

(d)

o

Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8).

 

(e)

o

An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);

 

(f)

o

An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);

 

(g)

o

A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

 

(h)

o

A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

 

(i)

o

A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

 

(j)

o

Group, in accordance with §240.13d-1(b)(1)(ii)(J).

 

Not Applicable.

 

3



 

Item 4.

Ownership

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

 

(a)

Amount beneficially owned as of December 31, 2005:  898,361 (includes 65,000 shares purchasable under options exercisable within sixty days of December 31, 2005, 105,000 shares owned by two limited liability companies of which Mr. Barnhill is the sole manager, 736 shares held in Mr. Barnhill’s 401(k) plan account, 30,000 shares held by Mr. Barnhill's spouse, 10,000 shares held by a private charitable foundation of which Mr. Barnhill and his spouse are the sole directors and 15,000 shares held by a trust of which Mr. Barnhill is one of two trustees).  Pursuant to Rule 13d-4 under the Securities Exchange Act of 1934, this shall not be deemed as an admission of beneficial ownership of the 30,000 shares owned by Mr. Barnhill's spouse, the 10,000 shares owned by the charitable foundation or the 15,000 shares owned by the trust.

 

 

 

 

(b)

Percent of class:    21.4%

 

 

 

 

(c)

Number of shares as to which the person has:

 

 

 

(i)

Sole power to vote or to direct the vote – 842,625 (as of December 31, 2005) (includes 65,000 shares purchasable under options exercisable within sixty days of December 31, 2005 and 105,000 shares owned by two limited liability companies of which Mr. Barnhill is the sole manager).

 

 

(ii)

Shared power to vote or to direct the vote – 55,736 (as of December 31, 2005) (includes 30,000 shares held by Mr. Barnhill's spouse, 10,000 shares held by a private charitable foundation of which Mr. Barnhill and his spouse are the sole directors, 15,000 shares held by a trust of which Mr. Barnhill is one of two trustees, and 736 shares held in Mr. Barnhill’s 401(k) plan account).  Pursuant to Rule 13d-4 under the Securities Exchange Act of 1934, this shall not be deemed as an admission of beneficial ownership of the 30,000 shares held by Mr. Barnhill’s spouse, the 10,000 shares held by the charitable foundation or the 15,000 shares held by the trust.

 

 

(iii)

Sole power to dispose or to direct the disposition of – 843,361 (as of December 31, 2005) (includes 65,000 shares purchasable under options exercisable within sixty days of December 31, 2005 and 105,000 shares owned by two limited liability companies of which Mr. Barnhill is the sole manager and 736 shares held in Mr. Barnhill’s 401(k) plan account).

 

 

(iv)

Shared power to dispose or to direct the disposition of – 55,000 (as of December 31, 2005) (includes 30,000 shares held by Mr. Barnhill's spouse, 10,000 shares held by a private charitable foundation of which Mr. Barnhill and his spouse are the sole directors and 15,000 shares held by a trust of which Mr. Barnhill is one of two trustees).  Pursuant to Rule 13d-4 under the Securities Exchange Act of 1934, this shall not be deemed as an admission of beneficial ownership of these shares.

 

Item 5.

Ownership of Five Percent or Less of a Class

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following   o.

Not Applicable.

 

Item 6.

Ownership of More than Five Percent on Behalf of Another Person

Not Applicable.

 

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person

Not Applicable.

 

Item 8.

Identification and Classification of Members of the Group

Not Applicable.

 

Item 9.

Notice of Dissolution of Group

Not Applicable.

 

Item 10.

Certification

Not Applicable.

 

 

4



 

Signature

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

 

February 13, 2006

 

Date

 


/s/ Robert B. Barnhill, Jr.

 

Signature

 


Robert B. Barnhill, Jr.

 

Name/Title

 

The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative.  If the statement is signed on behalf of a person by his authorized representative other than an executive officer or general partner of the filing person, evidence of the representative's authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference.  The name and any title of each person who signs the statement shall be typed or printed beneath his signature.

 

5