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SUNation Energy, Inc. — Director's Dealing 2013
May 23, 2013
35416_dirs_2013-05-23_bd6623fe-dc91-4fd0-9fa2-a0aa33087f00.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: COMMUNICATIONS SYSTEMS INC (JCS)
CIK: 0000022701
Period of Report: 2013-05-21
Reporting Person: FREEMAN EDWIN C (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2013-05-21 | Common Stock | A | 4040 | — | Acquired | 7737 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 17943 | Direct |
Footnotes
F1: The common stock reported reflects restricted stock units that will only be settled in common stock and will not be delivered to the reporting person until May 21,2015 and the reporting person has no right to receive the shares until that date.
F2: The shares represented by the restricted stock units vest on the earlier of: a) May 21, 2014 or b) the date of the 2014 Communications Systems, Inc. Annual Meeting of Shareholders.
F3: The reporting shares were computed based on the Nasdaq closing price of Communications Systems, Inc. stock on May 21, 2013.