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SUNation Energy, Inc. — Director's Dealing 2015
Mar 9, 2015
35416_dirs_2015-03-09_a59a1114-0d9c-4caf-a3a8-0bec25811121.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: COMMUNICATIONS SYSTEMS INC (JCS)
CIK: 0000022701
Period of Report: 2015-02-27
Reporting Person: Wakileh George (Corporate Secretary)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 1371 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Option (Right to Buy) | $12.97 | 2021-03-21 | Common Stock (3691) | Direct | |
| Stock Option (Right to Buy) | $11.7 | 2021-06-04 | Common Stock (25000) | Direct | |
| Restricted Stock Units | $12.5 | 2021-03-28 | Common Stock (2157) | Direct |
Footnotes
F1: Option vests as to the first 25% on the first anniversary of the grant and 25% on each of the next three anniversaries.
F2: Option vests as to 25% on each of the first four anniversaries of the grant.
F3: Each Restricted Stock Unit represents the contingent right to receive one share of Communications Systems, Inc. common stock.
F4: The Restricted Stock Units vest as to 1/3 of the shares on the first anniversary of the date of grant (3/28/2015) and an additional 1/3 of the shares on each of the two following anniversaries.