<SEC-DOCUMENT>0000919574-22-007137.txt : 20221220
<SEC-HEADER>0000919574-22-007137.hdr.sgml : 20221220
<ACCEPTANCE-DATETIME>20221220172253
ACCESSION NUMBER:		0000919574-22-007137
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20220301
FILED AS OF DATE:		20221220
DATE AS OF CHANGE:		20221220

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Fortune Alexis
		CENTRAL INDEX KEY:			0001958072

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32600
		FILM NUMBER:		221475827

	MAIL ADDRESS:	
		STREET 1:		C/O BLACKSHEEP FUND MANAGEMENT LIMITED
		STREET 2:		ROCK HOUSE, MAIN STREET, BLACKROCK
		CITY:			CO. DUBLIN
		STATE:			L2
		ZIP:			A94 YY39

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Blacksheep Fund Management Ltd
		CENTRAL INDEX KEY:			0001800249
		STATE OF INCORPORATION:			L2
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32600
		FILM NUMBER:		221475829

	BUSINESS ADDRESS:	
		STREET 1:		ROCK HOUSE, MAIN STREET
		STREET 2:		BLACKROCK
		CITY:			CO. DUBLIN
		STATE:			L2
		ZIP:			A94 YY39
		BUSINESS PHONE:		353 1 566 8192

	MAIL ADDRESS:	
		STREET 1:		ROCK HOUSE, MAIN STREET
		STREET 2:		BLACKROCK
		CITY:			CO. DUBLIN
		STATE:			L2
		ZIP:			A94 YY39

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Blacksheep Master Fund Ltd.
		CENTRAL INDEX KEY:			0001958083
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32600
		FILM NUMBER:		221475830

	BUSINESS ADDRESS:	
		STREET 1:		C/O MOURANT GOVERNANCE SERVICES
		STREET 2:		PO BOX 1348, 94 SOLARIS AVE.
		CITY:			GRAND CAYMAN
		STATE:			E9
		ZIP:			KY1-1108
		BUSINESS PHONE:		345-949-4123

	MAIL ADDRESS:	
		STREET 1:		C/O MOURANT GOVERNANCE SERVICES
		STREET 2:		PO BOX 1348, 94 SOLARIS AVE.
		CITY:			GRAND CAYMAN
		STATE:			E9
		ZIP:			KY1-1108

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Herdwick Capital Ltd
		CENTRAL INDEX KEY:			0001958080
		STATE OF INCORPORATION:			L2
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32600
		FILM NUMBER:		221475828

	BUSINESS ADDRESS:	
		STREET 1:		C/O BLACKSHEEP FUND MANAGEMENT LIMITED
		STREET 2:		ROCK HOUSE, MAIN STREET, BLACKROCK
		CITY:			CO. DUBLIN
		STATE:			L2
		ZIP:			A94 YY39
		BUSINESS PHONE:		353-1-566-8192

	MAIL ADDRESS:	
		STREET 1:		C/O BLACKSHEEP FUND MANAGEMENT LIMITED
		STREET 2:		ROCK HOUSE, MAIN STREET, BLACKROCK
		CITY:			CO. DUBLIN
		STATE:			L2
		ZIP:			A94 YY39

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TUCOWS INC /PA/
		CENTRAL INDEX KEY:			0000909494
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374]
		IRS NUMBER:				232707366
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		96 MOWAT AVENUE
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M6K 3M1
		BUSINESS PHONE:		4165385478

	MAIL ADDRESS:	
		STREET 1:		96 MOWAT AVENUE
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M6K 3M1

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	INFONAUTICS INC
		DATE OF NAME CHANGE:	19960426

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	INFONAUTICS CORP
		DATE OF NAME CHANGE:	19960315
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>ownership.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0206</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2022-03-01</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0000909494</issuerCik>
        <issuerName>TUCOWS INC /PA/</issuerName>
        <issuerTradingSymbol>TCX</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001958083</rptOwnerCik>
            <rptOwnerName>Blacksheep Master Fund Ltd.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O MOURANT GOVERNANCE SERVICES</rptOwnerStreet1>
            <rptOwnerStreet2>94 SOLARIS AVENUE</rptOwnerStreet2>
            <rptOwnerCity>CAMANA BAY, PO BOX 1348</rptOwnerCity>
            <rptOwnerState>E9</rptOwnerState>
            <rptOwnerZipCode>KY1-1108</rptOwnerZipCode>
            <rptOwnerStateDescription>CAYMAN ISLANDS</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001800249</rptOwnerCik>
            <rptOwnerName>Blacksheep Fund Management Ltd</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>ROCK HOUSE, MAIN STREET</rptOwnerStreet1>
            <rptOwnerStreet2>BLACKROCK, CO</rptOwnerStreet2>
            <rptOwnerCity>DUBLIN</rptOwnerCity>
            <rptOwnerState>L2</rptOwnerState>
            <rptOwnerZipCode>A94 YY39</rptOwnerZipCode>
            <rptOwnerStateDescription>IRELAND</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001958080</rptOwnerCik>
            <rptOwnerName>Herdwick Capital Ltd</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>ROCK HOUSE, MAIN STREET</rptOwnerStreet1>
            <rptOwnerStreet2>BLACKROCK, CO</rptOwnerStreet2>
            <rptOwnerCity>DUBLIN</rptOwnerCity>
            <rptOwnerState>L2</rptOwnerState>
            <rptOwnerZipCode>A94 YY39</rptOwnerZipCode>
            <rptOwnerStateDescription>IRELAND</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001958072</rptOwnerCik>
            <rptOwnerName>Fortune Alexis</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>ROCK HOUSE, MAIN STREET</rptOwnerStreet1>
            <rptOwnerStreet2>BLACKROCK, CO</rptOwnerStreet2>
            <rptOwnerCity>DUBLIN</rptOwnerCity>
            <rptOwnerState>L2</rptOwnerState>
            <rptOwnerZipCode>A94 YY39</rptOwnerZipCode>
            <rptOwnerStateDescription>IRELAND</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1144853</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F1"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">The securities are owned directly by Blacksheep Master Fund Ltd. and may be deemed to be indirectly beneficially owned by (i) Blacksheep Fund Management Limited, the investment manager to Blacksheep Master Fund Ltd., (ii) Herdwick Capital Ltd., the parent company of Blacksheep Fund Management Limited, and (ii) Alexis Fortune, the controlling person of Herdwick Capital Ltd.</footnote>
    </footnotes>

    <remarks>Each Reporting Person disclaims beneficial ownership in the securities reported on this Form 3 except to the extent of its or his pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.</remarks>

    <ownerSignature>
        <signatureName>Blacksheep Master Fund Ltd, By: Blacksheep Fund Management Limited, By: /s/ Alexis Fortune, Chief Executive Officer</signatureName>
        <signatureDate>2022-12-20</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Blacksheep Fund Management Limited, By: /s/ Alexis Fortune, Chief Executive Officer</signatureName>
        <signatureDate>2022-12-20</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Herdwick Capital Ltd., By: /s/ Alexis Fortune, Director</signatureName>
        <signatureDate>2022-12-20</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Alexis Fortune</signatureName>
        <signatureDate>2022-12-20</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
