FORM 4
[ X ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response... 0.5
                      
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

PHILLIPS STERLING E JR 		2. Issuer Name and Ticker or Trading Symbol

GTSI CORP [ GTSI ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
CEO & President
(Last)          (First)          (Middle)

C/O GTSI CORP., 2553 DULLES VIEW DRIVE, SUITE 100 		3. Date of Earliest Transaction (MM/DD/YYYY)

6/18/2012
(Street)

HERNDON, VA 20171
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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 Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock   6/18/2012     U    22000   D $7.75   0   D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8) 		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 		8. Price of Derivative Security
(Instr. 5) 		9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy)   $4.7701   6/20/2012     D         100000      (1) 11/23/2017   Common Stock   100000   $2.9799   0   D    
Stock Option (Right to Buy)   $4.73   6/20/2012     D         100000      (1) 2/22/2018   Common Stock   100000   $3.02   0   D    

Explanation of Responses:
( 1)  This option vested and was cancelled at the effective time of the merger, which was June 20, 2012, in exchange for a cash payment representing the number of shares of the Company's common stock underlying such option multiplied by the difference between the exercise price of the option and the per share purchase price of $7.75 pursuant to that Agreement and Plan of Merger, dated May 7, 2012, by and among the Company, UNICOM Systems, Inc., a California corporation ("UNICOM"), UNICOM SUB ONE, INC., a Delaware corporation and a wholly owned subsidiary of UNICOM.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
PHILLIPS STERLING E JR
C/O GTSI CORP.
2553 DULLES VIEW DRIVE, SUITE 100
HERNDON, VA 20171 		X
CEO & President

Signatures
/s/ Sterling E. Phillips, Jr. 6/21/2012
** 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 4(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 control number.
Gtsi Corp. (MM) (NASDAQ:GTSI)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Gtsi Corp. (MM) Charts.
Gtsi Corp. (MM) (NASDAQ:GTSI)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Gtsi Corp. (MM) Charts.