<SEC-DOCUMENT>0001251109-11-000042.txt : 20110720
<SEC-HEADER>0001251109-11-000042.hdr.sgml : 20110720
<ACCEPTANCE-DATETIME>20110720172601
ACCESSION NUMBER:		0001251109-11-000042
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20110718
FILED AS OF DATE:		20110720
DATE AS OF CHANGE:		20110720

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			EWING TIMOTHY G
		CENTRAL INDEX KEY:			0001077701

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-08443
		FILM NUMBER:		11978254

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TELOS CORP
		CENTRAL INDEX KEY:			0000320121
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373]
		IRS NUMBER:				520880974
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		19886 ASHBURN ROAD
		CITY:			ASHBURN
		STATE:			VA
		ZIP:			20147
		BUSINESS PHONE:		7034716000

	MAIL ADDRESS:	
		STREET 1:		19886 ASHBURN ROAD
		CITY:			ASHBURN
		STATE:			VA
		ZIP:			20147

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	C3 INC
		DATE OF NAME CHANGE:	19920703

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			VALUE PARTNERS LTD /TX/
		CENTRAL INDEX KEY:			0000926614
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-08443
		FILM NUMBER:		11978257

	BUSINESS ADDRESS:	
		STREET 1:		C/O EWING & PARTNERS
		STREET 2:		4514 COLE AVE. #740
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75205
		BUSINESS PHONE:		2145222100

	MAIL ADDRESS:	
		STREET 1:		C/O EWING & PARTNERS
		STREET 2:		4514 COLE AVE. #740
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75205

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			EWING & PARTNERS
		CENTRAL INDEX KEY:			0001056612

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-08443
		FILM NUMBER:		11978256

	BUSINESS ADDRESS:	
		STREET 1:		4514 COLE AVENUE SUITE 740
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75205
		BUSINESS PHONE:		2145222100

	MAIL ADDRESS:	
		STREET 1:		4514 COLE AVENUE SUITE 740
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75205

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			EWING ASSET MANAGEMENT LLC
		CENTRAL INDEX KEY:			0001253027

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-08443
		FILM NUMBER:		11978255

	BUSINESS ADDRESS:	
		STREET 1:		4514 COLE AVENUE, SUITE 740
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75205
		BUSINESS PHONE:		214-522-2100

	MAIL ADDRESS:	
		STREET 1:		4514 COLE AVENUE, SUITE 740
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75205
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>primary_doc.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2011-07-18</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000320121</issuerCik>
        <issuerName>TELOS CORP</issuerName>
        <issuerTradingSymbol>TLSRP</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0000926614</rptOwnerCik>
            <rptOwnerName>VALUE PARTNERS LTD /TX/</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O EWING &amp; PARTNERS</rptOwnerStreet1>
            <rptOwnerStreet2>4514 COLE AVE. #740</rptOwnerStreet2>
            <rptOwnerCity>DALLAS</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>75205</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001056612</rptOwnerCik>
            <rptOwnerName>EWING &amp; PARTNERS</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>4514 COLE AVENUE SUITE 740</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>DALLAS</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>75205</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001253027</rptOwnerCik>
            <rptOwnerName>EWING ASSET MANAGEMENT LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>4514 COLE AVENUE, SUITE 740</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>DALLAS</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>75205</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001077701</rptOwnerCik>
            <rptOwnerName>EWING TIMOTHY G</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1></rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity></rptOwnerCity>
            <rptOwnerState></rptOwnerState>
            <rptOwnerZipCode></rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>12% Cumulative Exchangeable Redeemable Preferred Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2011-07-18</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionTimeliness>
                <value></value>
            </transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>53907</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>19.24</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>356798</value>
                    <footnoteId id="F1"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">This is a joint filing by Value Partners, Ltd (&quot;VP&quot;), Ewing &amp; Partners (&quot;E&amp;P&quot;), Ewing Asset Management, LLC (&quot;EAM&quot;) and Timothy G. Ewing.  E&amp;P is the general partner of VP, Mr. Ewing and EAM are the partners of E&amp;P, and Mr. Ewing is also the sole member of EAM. For purposes of this report, all of the reporting persons are deemed 10% owners of the Issuer.  This report shall not be deemed an admission that the reporting persons are, for the purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the beneficial owners of these shares.</footnote>
    </footnotes>

    <remarks>(a) Signed by Beth N. Lowson as Attorney-In-Fact for Timothy G. Ewing (i) on behalf of himself individually, (ii) on behalf of E&amp;P in Mr. Ewing's capacity as managing partner of E&amp;P, (iii) on behalf of EAM in Mr. Ewing's capacity as sole member of EAM, and (iv) on behalf of VP in his capacity as the managing partner of E&amp;P, which is the general partner of VP.</remarks>

    <ownerSignature>
        <signatureName>Beth N. Lowson, as Attorney-In-Fact for Timothy G. Ewing (a)</signatureName>
        <signatureDate>2011-07-18</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-24
<SEQUENCE>2
<FILENAME>poaewing4.txt
<DESCRIPTION>EWING POWER OF ATTORNEY
<TEXT>
POWER OF ATTORNEY

The undersigned does hereby constitute and appoint Stephen J. Nelson,
Mary Anne Mayo, Scott M. Dubowsky, Beth N. Lowson and Sean W. McDowell,
each of The Nelson Law Firm, LLC, White Plains Plaza, One North Broadway,
White Plains, NY 10601, signing singly, with full power of substitution,
as the true and lawful attorney of the undersigned, and authorizes and
designates each of them to sign on behalf of the undersigned, and to file
filings and any amendments thereto made by or on behalf of the undersigned
in respect of the beneficial ownership of equity securities held by the
undersigned, directly, indirectly or beneficially, pursuant to Sections
13(d), 13(g) and 16 of the Securities Exchange Act of 1934, as amended
(the "Exchange Act"), and the rules and regulations thereunder. The
undersigned acknowledges that the foregoing attorneys-in-fact, in serving
in such capacity at the request of the undersigned, are not assuming any
of the undersigned's responsibilities to comply with Sections 13(d),
13(g) or 16 of the Exchange Act.

This Power of Attorney shall remain in full force and effect until
withdrawn 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 4th day of April, 2011.

				By: /s/ Timothy G. Ewing
				____________________________
					Timothy G. Ewing
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
