NORTECH SYSTEMS INC — Director's Dealing 2004

Jan 14, 2004

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: NORTECH SYSTEMS INC (NSYS)
CIK: 0000722313
Period of Report: 2003-12-31

Reporting Person: KUNIN MYRON D (Director, 10% Owner)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-12-10	Director Stock Option (right to buy)	$8.00	A	6000	Acquired	2013-12-10	Common Stock (6000)	Direct

Footnotes

F1: 2,000 options exercisable 1/1/04; 4,000 exercisable 1/1/05; 6,000 exercisable 1/1/06