NORTECH SYSTEMS INC — Director's Dealing 2022

May 16, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NORTECH SYSTEMS INC (NSYS)
CIK: 0000722313
Period of Report: 2022-05-11

Reporting Person: Graff David J. (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-05-11	Common Stock	A	3000	—	Acquired	3000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-05-11	Stock Options	$13.19	A	3000	Acquired	2032-05-11	Common Stock (3000)	Direct

Footnotes

F1: Grant of Restricted Stock Units ("RSU"). Restrictions lapse on May 11, 2023 with respect to 1,500 units, and May 11, 2024 with respect to 1,500 units.

F2: Such shares are in the form of RSUs. Each RSU represents the right to receive one share of common stock upon vesting.

F3: 600 shares vest on each of 5/11/2023, 5/11/2024, 5/11/2025, 5/11/2026 and 5/11/2027.