SUNation Energy, Inc. — Director's Dealing 2014

Jun 5, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMUNICATIONS SYSTEMS INC (JCS)
CIK: 0000022701
Period of Report: 2014-06-04

Reporting Person: Lacey Roger HD (Interim CEO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-06-04	Restricted Stock Units	$	A	2136	Acquired		Common Stock (2136)	Direct
2014-06-04	Non-Qualified Stock Option	$11.7	A	12195	Acquired	2021-06-04	Common Stock (12195)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	13423	Direct

Footnotes

F1: Each restricted stock unit represents a contingent right to receive one share of CSI common stock.

F2: The restricted stock units vest as to 50% after three months and the remaining 50% after six months. The units will be issued at the end of each vesting period.

F3: The option vests as to 50% after three months and the remaining 50% after six months.