SUNation Energy, Inc. - Director's Dealing 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMUNICATIONS SYSTEMS INC (JCS)
CIK: 0000022701
Period of Report: 2020-05-06

Reporting Person: Fandrich Mark (VP/CFO)

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-05-06	Stock Option (Right-to-Buy)	$5.39	A	18849	Acquired	2027-05-06	Common Stock (18849)	Direct
2020-05-06	Restricted Stock Units	$	A	12782	Acquired		Common Stock (12782)	Direct

Security	Shares	Ownership
Common Stock	15861	Direct
Common Stock	6068.9541	Indirect

F1: Reflects all Employee Stock Purchase Plan issuances through May 6, 2020.

F2: Reflects all ESOP allocations and distributions 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.