SUNation Energy, Inc. — Director's Dealing 2019

Apr 1, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMUNICATIONS SYSTEMS INC (JCS)
CIK: 0000022701
Period of Report: 2019-03-28

Reporting Person: OTIS SCOTT GREGORY (GM/VP Transition Networks)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-03-28	Stock Option (Right-to-Buy)	$2.64	A	9914	Acquired	2026-03-28	Common Stock (9.914)	Direct
2019-03-28	Restricted Stock Units	$	A	18158	Acquired		Common Stock (18158)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	7354	Direct
Common Stock	6893.4377	Indirect

Footnotes

F1: Reflects all Employee Stock Purchase Plan issuances through March 28, 2019.

F2: Reflects all ESOP allocations and dispositions that have occurred since reporting person's last report.

F3: Option vests as to 25% on each of the first four anniversaries of the date of grant.

F4: Each Restricted Stock Unit represents a contingent right to receive one share of CSI Common Stock.

F5: The Restricted Stock Units vest as to 1/3 of the shares on each of the first three anniversaries of the date of grant.