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SUNation Energy, Inc. — Director's Dealing 2020
Dec 10, 2020
35416_dirs_2020-12-09_070f7996-1bee-4798-8ecf-2c6e8a232e0f.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: 2020-12-01
Reporting Person: Kumar Anita (Director, President/CEO)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 5636.72 | Indirect |
| Common Stock | 2559 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Option (Right-to-Buy) | $5.39 | 2027-05-06 | Common Stock (10493) | Direct | |
| Stock Option (Right-to-Buy) | $4.4512 | 2027-11-24 | Common Stock (18750) | Direct | |
| Restricted Stock Units | $ | Common Stock (3983) | Direct | ||
| Restricted Stock Units | $ | Common Stock (7115) | Direct | ||
| Restricted Stock Units | $ | Common Stock (5000) | Direct |
Footnotes
F1: Option vests as to 25% on each of the first four anniversaries of the date of grant.
F2: Option vests as to 25% on the date of grant and each of the first three anniversaries of the date of grant.
F3: Each Restricted Stock Unit represents a contingent right to receive one share of CSI Common Stock.
F4: The Restricted Stock Units vest as to 50% on each of March 28, 2021 and 2022.
F5: The Restricted Stock Units vest as to 1/3 on each of May 6, 2021, 2022 and 2023.
F6: The Restricted Stock Units vest as to 50% on each of November 24, 2021 and 2022.