<SEC-DOCUMENT>0001144204-15-042464.txt : 20150714
<SEC-HEADER>0001144204-15-042464.hdr.sgml : 20150714
<ACCEPTANCE-DATETIME>20150714163916
ACCESSION NUMBER:		0001144204-15-042464
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20150710
FILED AS OF DATE:		20150714
DATE AS OF CHANGE:		20150714

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:			OBUS NELSON
		CENTRAL INDEX KEY:			0001017043

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-08443
		FILM NUMBER:		15987675

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			LANDES JOSHUA
		CENTRAL INDEX KEY:			0001251568
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-08443
		FILM NUMBER:		15987676

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			WYNNEFIELD CAPITAL INC
		CENTRAL INDEX KEY:			0001251567
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-08443
		FILM NUMBER:		15987678

	BUSINESS ADDRESS:	
		STREET 1:		450 SEVENTH AVE
		STREET 2:		STE 509
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10123
		BUSINESS PHONE:		2129600814

	MAIL ADDRESS:	
		STREET 1:		450 SEVENTH AVE
		STREET 2:		STE 509
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10123

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			WYNNEFIELD CAPITAL MANAGEMENT LLC
		CENTRAL INDEX KEY:			0001056835

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-08443
		FILM NUMBER:		15987679

	BUSINESS ADDRESS:	
		STREET 1:		450 SEVENTH AVE
		STREET 2:		STE 509
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10123
		BUSINESS PHONE:		2127600814

	MAIL ADDRESS:	
		STREET 1:		450 SEVENTH AVE
		STREET 2:		STE 509
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10123

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			CHANNEL PARTNERSHIP II L P
		CENTRAL INDEX KEY:			0001273617
		STATE OF INCORPORATION:			NY

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-08443
		FILM NUMBER:		15987680

	BUSINESS ADDRESS:	
		STREET 1:		450 SEVENTH AVENUE SUITE 509
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10123
		BUSINESS PHONE:		2127600278

	MAIL ADDRESS:	
		STREET 1:		450 SEVENTH AVENUE SUITE 509
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10123

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			WYNNEFIELD SMALL CAP VALUE OFFSHORE FUND LTD
		CENTRAL INDEX KEY:			0001030806

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-08443
		FILM NUMBER:		15987681

	BUSINESS ADDRESS:	
		STREET 1:		450 SEVENTH AVE
		STREET 2:		STE 509
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10123
		BUSINESS PHONE:		2127600814

	MAIL ADDRESS:	
		STREET 1:		450 SEVENTH AVE
		STREET 2:		STE 509
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10123

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Wynnefield Capital, Inc. Profit Sharing Plan
		CENTRAL INDEX KEY:			0001289453
		STATE OF INCORPORATION:			NY

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-08443
		FILM NUMBER:		15987677

	BUSINESS ADDRESS:	
		STREET 1:		450 SEVENTH AVENUE
		STREET 2:		SUITE 509
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10123
		BUSINESS PHONE:		212-760-0278

	MAIL ADDRESS:	
		STREET 1:		450 SEVENTH AVENUE
		STREET 2:		SUITE 509
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10123

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			WYNNEFIELD PARTNERS SMALL CAP VALUE LP
		CENTRAL INDEX KEY:			0000899083
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-08443
		FILM NUMBER:		15987683

	BUSINESS ADDRESS:	
		STREET 1:		450 SEVENTH AVENUE
		STREET 2:		SUITE 509
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10123
		BUSINESS PHONE:		212-760-0814

	MAIL ADDRESS:	
		STREET 1:		450 SEVENTH AVENUE
		STREET 2:		SUITE 509
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10123

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			WYNNEFIELD PARTNERS SMALL CAP VALUE LP I
		CENTRAL INDEX KEY:			0001251565
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-08443
		FILM NUMBER:		15987682

	BUSINESS ADDRESS:	
		STREET 1:		450 SEVENTH AVENUE
		STREET 2:		SUITE 509
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10123
		BUSINESS PHONE:		212-760-0814

	MAIL ADDRESS:	
		STREET 1:		450 SEVENTH AVENUE
		STREET 2:		SUITE 509
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10123
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        <issuerName>TELOS CORP</issuerName>
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            <rptOwnerStreet2>SUITE 509</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
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            <rptOwnerStreet2>SUITE 509</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10123</rptOwnerZipCode>
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    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001273617</rptOwnerCik>
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        </reportingOwnerId>
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            <rptOwnerStreet2>SUITE 509</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10123</rptOwnerZipCode>
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            <rptOwnerStreet1>450 SEVENTH AVENUE</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 509</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10123</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
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            <rptOwnerName>WYNNEFIELD CAPITAL INC</rptOwnerName>
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            <rptOwnerStreet1>450 SEVENTH AVENUE</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 509</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
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    <reportingOwner>
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        <reportingOwnerAddress>
            <rptOwnerStreet1>450 SEVENTH AVENUE</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 509</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10123</rptOwnerZipCode>
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    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001017043</rptOwnerCik>
            <rptOwnerName>OBUS NELSON</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>450 SEVENTH AVENUE</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 509</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
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    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001251568</rptOwnerCik>
            <rptOwnerName>LANDES JOSHUA</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>450 SEVENTH AVENUE</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 509</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
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    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Preferred Stock, par value $.01 per share</value>
                <footnoteId id="F1"/>
            </securityTitle>
            <transactionDate>
                <value>2015-07-10</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionTimeliness></transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>21721</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>10.70</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>144319</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F2"/>
                    <footnoteId id="F6"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Preferred Stock, par value $.01 per share</value>
                <footnoteId id="F1"/>
            </securityTitle>
            <transactionDate>
                <value>2015-07-10</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionTimeliness></transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>34951</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>10.70</value>
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                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
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                <sharesOwnedFollowingTransaction>
                    <value>226792</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnote</value>
                    <footnoteId id="F3"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Preferred Stock, par value $.01 per share</value>
                <footnoteId id="F1"/>
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                <value>2015-07-10</value>
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            <deemedExecutionDate></deemedExecutionDate>
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                <transactionFormType>4</transactionFormType>
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                <equitySwapInvolved>0</equitySwapInvolved>
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                <transactionShares>
                    <value>13328</value>
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                <transactionPricePerShare>
                    <value>10.70</value>
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                <transactionAcquiredDisposedCode>
                    <value>A</value>
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                <sharesOwnedFollowingTransaction>
                    <value>106354</value>
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                <directOrIndirectOwnership>
                    <value>I</value>
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                <natureOfOwnership>
                    <value>See Footnote</value>
                    <footnoteId id="F4"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Preferred Stock, par value $.01 per share</value>
                <footnoteId id="F1"/>
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                <value>2015-07-10</value>
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            <deemedExecutionDate></deemedExecutionDate>
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                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
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            <transactionTimeliness></transactionTimeliness>
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                <transactionShares>
                    <value>15000</value>
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                <transactionPricePerShare>
                    <value>10.70</value>
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                    <value>A</value>
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                    <value>15000</value>
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            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
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                <natureOfOwnership>
                    <value>See footnote</value>
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    <footnotes>
        <footnote id="F1">12% Cumulative Exchangeable Redeemable Preferred Stock, par value $.01 per share (the &quot;Preferred Stock&quot;), of Telos Corporation (TLSRP) (&quot;Telos&quot;).</footnote>
        <footnote id="F2">On July 10, 2015 Wynnefield Partners Small Cap Value, L.P. (the &quot;Partnership&quot;) purchased 21,721 shares of Preferred Stock reported herein. As a consequence, the Partnership directly beneficially owns 144,319 shares of Preferred Stock. Wynnefield Capital Management, LLC (&quot;WCM&quot;), as the sole general partner of the Partnership, has an indirect beneficial ownership interest in the shares of Preferred Stock that the Partnership directly beneficially owns. Nelson Obus and Joshua Landes, as co-managing members of WCM, have an indirect beneficial ownership interest in the shares of Preferred Stock that the Partnership directly beneficially owns.</footnote>
        <footnote id="F3">On July 10, 2015 Wynnefield Partners Small Cap Value, L.P. I (&quot;Partnership-I&quot;) purchased 34,951 shares of Preferred Stock reported herein. As a onsequence, Partnership-I directly beneficially owns 226,792 shares of Preferred Stock, to which the Partnership has an indirect beneficial ownership as members of a group under Section 13(d) of the Securities Exchange Act of 1934, as amended. Partnership-I, which maintains offices at the same address as the Reporting Person, is filing this statement jointly with the Reporting Person. WCM, as the sole general partner of Partnership-I has indirect beneficial ownership interest in the shares of Preferred Stock that Partnership-I directly beneficially owns. Mr. Obus and Mr. Landes, as co-managing members of WCM, have an indirect beneficial ownership interest in the shares of Preferred Stock that Partnership-I directly beneficially owns.</footnote>
        <footnote id="F4">On July 10, 2015 Wynnefield Small Cap Value Offshore Fund (the &quot;Fund&quot;) purchased 13,328 shares of Preferred Stock reported herein. As a consequence, the Fund directly beneficially owns 106,354 shares of Preferred Stock, to which the Partnership has an indirect beneficial ownership as members of a group under Section 13(d) of the Securities Exchange Act of 1934, as amended. The Fund, which maintains offices at the same address as the Reporting Person, is filing this statement jointly with the Reporting Person. Wynnefield Capital, Inc. (&quot;WCI&quot;), as the sole investment manager of the Fund, has an indirect beneficial ownership interest in the shares of Preferred Stock that the Fund directly beneficially owns. Mr. Obus and Mr. Landes, as principal executive officers of WCI, have an indirect beneficial ownership interest in the shares of Preferred Stock that the Fund directly beneficially owns.</footnote>
        <footnote id="F5">On July 10, 2015 the Wynnefield Capital, Inc. Profit Sharing Plan (the &quot;Plan&quot;) purchased 15,000 shares of Preferred Stock reported herein, to which the Partnership has an indirect beneficial ownership as members of a group under Section 13(d) of the Securities Exchange Act of 1934, as amended. The Plan, which maintains offices at the same address as the Reporting Person, is filing this statement jointly with the Reporting Person. WCI, as the sole investment manager of the Plan, has an indirect beneficial ownership interest in the shares of Preferred Stock that the Plan directly beneficially owns and is also filing this Form jointly with the Reporting Person. Mr. Obus and Mr. Landes, as principal executive officers of WCI, have an indirect beneficial ownership interest in the shares of Preferred Stock that the Plan directly beneficially owns.</footnote>
        <footnote id="F6">Mr. Obus and Mr. Landes disclaim beneficial ownership of the securities described in this statement, except to the extent of their individual pecuniary interest in such securities.  The filing of this statement shall not be deemed an admission that Mr. Obus and Mr. Landes are, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owner of any securities specified in this statement.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>WYNNEFIELD PARTNERS SMALL CAP VALUE, L.P., By: Wynnefield Capital Management, LLC, General Partner; By: /s/Nelson Obus, Managing Member</signatureName>
        <signatureDate>2015-07-14</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>WYNNEFIELD PARTNERS SMALL CAP VALUE, L.P. I; By: Wynnefield Capital Management, LLC, General Partner; By: /s/Nelson Obus, Managing Member</signatureName>
        <signatureDate>2015-07-14</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>WYNNEFIELD SMALL CAP VALUE OFFSHORE FUND, LTD., By: Wynnefield Capital, Inc.; By: /s/Nelson Obus, President</signatureName>
        <signatureDate>2015-07-14</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>CHANNEL PARTNERSHIP II, L.P., By:/s/ Nelson Obus, General Partner</signatureName>
        <signatureDate>2015-07-14</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>WYNNEFIELD CAPITAL MANAGEMENT, LLC, /s/ Nelson Obus, Managing Member</signatureName>
        <signatureDate>2015-07-14</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>WYNNEFIELD CAPITAL, INC., /s/ Nelson Obus, President</signatureName>
        <signatureDate>2015-07-14</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>WYNNEFIELD CAPITAL, INC. PROFIT SHARING PLAN, /s/ Nelson Obus, Authorized Signatory</signatureName>
        <signatureDate>2015-07-14</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Nelson Obus, Individually</signatureName>
        <signatureDate>2015-07-14</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Joshua Landes, Individually</signatureName>
        <signatureDate>2015-07-14</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
