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: Hlavka Kristin (Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-08-02	Common Stock	M	7469	$6.85	Acquired	22131	Direct
2021-08-02	Common Stock	F	7295	$7.15	Disposed	14836	Direct
2021-08-02	Common Stock	M	2000	$4.55	Acquired	16836	Direct
2021-08-02	Common Stock	F	1596	$7.15	Disposed	15240	Direct
2021-08-02	Common Stock	M	4785	$4.4	Acquired	20025	Direct
2021-08-02	Common Stock	M	3764	$7.15	Disposed	16261	Direct
2021-08-02	Common Stock	M	7393	$3.61	Acquired	23654	Direct
2021-08-02	Common Stock	F	5363	$7.15	Disposed	18291	Direct
2021-08-02	Common Stock	M	3943	$2.64	Acquired	19670	Direct
2021-08-02	Common Stock	F	2564	$7.15	Disposed	19670	Direct
2021-08-02	Common Stock	M	5759	$5.39	Acquired	25429	Direct
2021-08-02	Common Stock	F	4973	$7.15	Disposed	20456	Direct
2021-08-02	Common Stock	M	2407	$7.15	Acquired	22863	Direct
2021-08-02	Common Stock	F	736	$7.15	Disposed	22127	Direct
2021-08-02	Common Stock	M	2603	$7.15	Acquired	24730	Direct
2021-08-02	Common Stock	F	795	$7.15	Disposed	23935	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	4779	Disposed	2022-03-17	Common Stock (4779)	Direct
2021-08-02	Stock Option (Right-to-Buy)	$6.85	M	7469	Disposed	2023-03-15	Common Stock (7469)	Direct
2021-08-02	Stock Option (Right-to-Buy)	$4.55	M	2000	Disposed	2024-02-24	Common Stock (2000)	Direct
2021-08-02	Stock Option (Right-to-Buy)	$4.4	M	4785	Disposed	2024-03-31	Common Stock (4785)	Direct
2021-08-02	Stock Option (Right-to-Buy)	$3.61	M	7393	Disposed	2025-03-09	Common Stock (7393)	Direct
2021-08-02	Stock Option (Right-to-Buy)	$2.64	M	3943	Disposed	2026-03-28	Common Stock (3943)	Direct
2021-08-02	Stock Option (Right-to-Buy)	$5.39	M	5759	Disposed	2027-05-06	Common Stock (5759)	Direct
2021-08-02	Restricted Stock Units	$7.15	M	2407	Disposed	2026-03-28	Common Stock (2407)	Direct
2021-08-02	Restricted Stock Units	$7.15	M	2603	Disposed	2027-05-06	Common Stock (2603)	Direct

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 date of the E&S Sale Transaction were terminated and cancelled as of the closing date without any payment therefor