SUNation Energy, Inc. — Director's Dealing 2021

Aug 5, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMUNICATIONS SYSTEMS INC (JCS)
CIK: 0000022701
Period of Report: 2021-08-02

Reporting Person: Lacey Roger HD (Director, Chairman/Interim CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-08-02	Common Stock	M	41250	$6.85	Acquired	141995.579	Direct
2021-08-02	Common Stock	F	40444	$7.15	Disposed	101551.579	Direct
2021-08-02	Common Stock	M	56250	$4.4	Acquired	157801.579	Direct
2021-08-02	Common Stock	F	46176	$7.15	Disposed	111625.579	Direct
2021-08-02	Common Stock	M	61875	$3.61	Acquired	173500.579	Direct
2021-08-02	Common Stock	F	47610	$7.15	Disposed	125890.579	Direct
2021-08-02	Common Stock	M	50000	$2.55	Acquired	175890.579	Direct
2021-08-02	Common Stock	F	35006	$7.15	Disposed	140884.579	Direct
2021-08-02	Common Stock	M	7500	$2.64	Acquired	148384.579	Direct
2021-08-02	Common Stock	F	5297	$7.15	Disposed	143087.579	Direct
2021-08-02	Common Stock	M	35095	$5.39	Acquired	178182.579	Direct
2021-08-02	Common Stock	F	31072	$7.15	Disposed	147110.579	Direct
2021-08-02	Common Stock	M	4579	$7.15	Acquired	151689.579	Direct
2021-08-02	Common Stock	F	1941	$7.15	Disposed	149748.579	Direct
2021-08-02	Common Stock	M	15865	$7.15	Acquired	165613.579	Direct
2021-08-02	Common Stock	F	6723	$7.15	Disposed	158890.579	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-08-02	Stock Option (Right-to-Buy)	$11.65	J	22655	Disposed	2022-03-17	Common Stock (22655)	Direct
2021-08-02	Stock Option (Right-to-Buy)	$11.09	J	6100	Disposed	2022-04-03	Common Stock (6100)	Direct
2021-08-02	Stock Option (Right-to-Buy)	$11.09	J	18850	Disposed	2022-04-03	Common Stock (18850)	Direct
2021-08-02	Stock Option (Right-to-Buy)	$11.05	J	25050	Disposed	2022-05-21	Common Stock (25050)	Direct
2021-08-02	Stock Option (Right-to-Buy)	$7.34	M	16667	Disposed	2023-01-25	Common Stock (16667)	Direct
2021-08-02	Stock Option (Right-to-Buy)	$6.85	M	41250	Disposed	2023-03-15	Common Stock (41.25)	Direct
2021-08-02	Stock Option (Right-to-Buy)	$4.4	M	15456	Disposed	2024-03-31	Common Stock (15456)	Direct
2021-08-02	Stock Option (Right-to-Buy)	$4.4	M	40794	Disposed	2024-03-31	Common Stock (40794)	Direct
2021-08-02	Stock Option (Right-to-Buy)	$3.61	M	61875	Disposed	2025-03-09	Common Stock (61875)	Direct
2021-08-02	Restricted Stock Units	$7.15	M	4579	Disposed	2026-03-28	Common Stock (4579)	Direct
2021-08-02	Restricted Stock Units	$7.15	M	15865	Disposed	2027-05-06	Common Stock (15865)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	9630.174	Indirect

Footnotes

F1: As provided under the 2011 Plan and in accordance with the determinations of the Compensation Committee, all stock options outstanding on August 2, 2021 having an exercise price equal to or greater than the Fair Market Value on the August 2, 2021 closing of the E&S Sale Transaction were terminated and cancelled as of the closing date without any payment therefor