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SUNation Energy, Inc. — Director's Dealing 2021
Aug 5, 2021
35416_dirs_2021-08-04_322cf071-6199-4243-826b-7bef2d327937.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: COMMUNICATIONS SYSTEMS INC (JCS)
CIK: 0000022701
Period of Report: 2021-08-02
Reporting Person: PRIMUTH RICHARD A (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-08-02 | Common Stock | M | 28961 | $6.33 | Acquired | 55090 | Direct |
| 2021-08-02 | Common Stock | F | 25639 | $7.15 | Disposed | 29451 | Direct |
| 2021-08-02 | Common Stock | M | 10000 | $4.34 | Acquired | 39451 | Direct |
| 2021-08-02 | Common Stock | F | 6069 | $7.15 | Disposed | 33382 | Direct |
| 2021-08-02 | Common Stock | M | 10000 | $3.95 | Acquired | 43382 | Direct |
| 2021-08-02 | Common Stock | F | 5524 | $7.15 | Disposed | 37858 | Direct |
| 2021-08-02 | Common Stock | M | 2500 | $2.55 | Acquired | 40358 | Direct |
| 2021-08-02 | Common Stock | F | 889 | $7.15 | Disposed | 39469 | Direct |
| 2021-08-02 | Common Stock | M | 12500 | $2.74 | Acquired | 51969 | Direct |
| 2021-08-02 | Common Stock | F | 4790 | $7.15 | Disposed | 47179 | Direct |
| 2021-08-02 | Common Stock | M | 10000 | $4.94 | Acquired | 57179 | Direct |
| 2021-08-02 | Common Stock | F | 6909 | $7.15 | Disposed | 50270 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-08-02 | Stock Option (Right-to-Buy) | $11.05 | J | 25913 | Disposed | 2022-05-21 | Common Stock (25913) | Direct |
| 2021-08-02 | Stock Option (Right-to-Buy) | $6.33 | M | 28961 | Disposed | 2023-05-21 | Common Stock (28961) | Direct |
| 2021-08-02 | Stock Option (Right-to-Buy) | $4.34 | M | 10000 | Disposed | 2024-05-24 | Common Stock (10000) | Direct |
| 2021-08-02 | Stock Option (Right-to-Buy) | $3.95 | M | 10000 | Disposed | 2025-05-23 | Common Stock (10000) | Direct |
| 2021-08-02 | Stock Option (Right-to-Buy) | $2.55 | M | 2500 | Disposed | 2025-12-12 | Common Stock (2500) | Direct |
| 2021-08-02 | Stock Option (Right-to-Buy) | $2.74 | M | 12500 | Disposed | 2026-05-22 | Common Stock (12500) | Direct |
| 2021-08-02 | Stock Option (Right-to-Buy) | $4.94 | M | 10000 | Disposed | 2027-06-17 | Common Stock (10000) | Direct |
Footnotes
F1: As provided in 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
F2: Option fully vested on May 19, 2017
F3: Option fully vested May 24, 2018
F4: Option fully vested on May 23, 2019
F5: Option fully vested on May 22, 2019
F6: Option fully vested on May 22, 2020
F7: Option fully vested on June 17, 2021