SUNation Energy, Inc. — Director's Dealing 2016

Jan 27, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMUNICATIONS SYSTEMS INC (JCS)
CIK: 0000022701
Period of Report: 2016-01-25

Reporting Person: Lacey Roger HD (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-01-25	Stock Option (Right-to-Buy)	$7.34	A	16667	Acquired	2023-01-25	Common Stock (16667)	Direct
2016-01-25	Restricted Stock Units	$0	A	8333	Acquired	2023-01-25	Common Stock (8333)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	29951.991	Direct

Footnotes

F1: 8,333 shares of the option vest on 12/1/2016 and the remaining 8,334 shares vest on 12/1/2017.

F2: Each Restricted Stock Unit represents a contingent right to receive one share of Communication Systems, Inc. common stock.

F3: 4,167 of the Restricted Stock Units vest on 12/1/2016 and the remaining 4,166 vest on 12/1/2017.