SUNation Energy, Inc. — Major Shareholding Notification 2008

Feb 13, 2008

SC 13G/A 1 a08-5563_2sc13ga.htm SC 13G/A

| UNITED
STATES |
| --- |
| SECURITIES
AND EXCHANGE COMMISSION |
| Washington,
D.C. 20549 |

*SCHEDULE 13G*

*Under the Securities Exchange Act of 1934 (Amendment No. 8)**

*Communications Systems, Inc.*

(Name of Issuer)

*Common Stock, $.05 Par Value*

(Title of Class of Securities)

*203900 10 5*

(CUSIP Number)

*December 31, 2007*

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

o	Rule 13d-1(b)
x	Rule 13d-1(c)
o	Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SEQ.=1,FOLIO='',FILE='C:\JMS\oyang\08-5563-2\task2689487\5563-2-ba.htm',USER='oyang',CD='Feb 13 14:13 2008'

CUSIP No. 203900 10 5 — 1.	Names of Reporting Persons Paul N. Hanson Not Applicable
2.	Check the Appropriate Box
if a Member of a Group (See Instructions)
	(a)	o
	(b)	x
3.	SEC Use Only
4.	Citizenship or Place of
Organization United States of America
Number of Shares Beneficially Owned by Each Reporting Person With	5.	Sole Voting Power 119,199.429
	6.	Shared Voting Power 1,411
	7.	Sole Dispositive Power 119,199.429
	8.	Shared Dispositive Power 1,411
9.	Aggregate Amount
Beneficially Owned by Each Reporting Person 120,610.429
10.	Check if the Aggregate
Amount in Row (9) Excludes Certain Shares (See Instructions) x
11.	Percent of Class
Represented by Amount in Row (9) 1.37%
12.	Type of Reporting Person
(See Instructions) IN

2

SEQ.=1,FOLIO='2',FILE='C:\JMS\oyang\08-5563-2\task2689487\5563-2-ba.htm',USER='oyang',CD='Feb 13 14:13 2008'

CUSIP No. 203900 10 5
Item 1.
	(a)	Name of Issuer Communications Systems, Inc.
	(b)	Address of Issuer’s
Principal Executive Offices 213 South Main Street Hector, Minnesota 55342
Item 2.
	(a)	Name of Person Filing Paul N. Hanson
	(b)	Address of Principal
Business Office or, if none, Residence 213 South Main Street Hector, Minnesota 55342
	(c)	Citizenship Minnesota
	(d)	Title of Class of
Securities Common Stock
	(e)	CUSIP Number 203900 10 5
Item 3.	If this statement is filed pursuant
to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is
a:
	(a)	o	Broker or dealer
registered under section 15 of the Act (15 U.S.C. 78o).
	(b)	o	Bank as defined in section
3(a)(6) of the Act (15 U.S.C. 78c).
	(c)	o	Insurance company as
defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
	(d)	o	Investment company
registered under section 8 of the Investment Company Act of 1940 (15 U.S.C.
80a-8).
	(e)	o	An investment adviser in
accordance with §240.13d-1(b)(1)(ii)(E);
	(f)	o	An employee benefit plan
or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
	(g)	o	A parent holding company
or control person in accordance with §240.13d-1(b)(1)(ii)(G);
	(h)	o	A savings association as
defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C.
1813);
	(i)	o	A church plan that is
excluded from the definition of an investment company under section 3(c)(14)
of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
	(j)	o	Group, in accordance with
§240.13d-1(b)(1)(ii)(J).

3

SEQ.=1,FOLIO='3',FILE='C:\JMS\oyang\08-5563-2\task2689487\5563-2-ba.htm',USER='oyang',CD='Feb 13 14:13 2008'

CUSIP No. 203900 10 5 — Item 4.	Ownership
Provide the following
information regarding the aggregate number and percentage of the class of
securities of the issuer identified in Item 1.
	(a)	Amount beneficially
owned: Mr. Hanson beneficially
owns 120,610.429 shares of the outstanding common stock of the Issuer, which
includes: (i) 81,669 shares of common
stock owned by Mr. Hanson individually; (ii) options held by Mr. Hanson and
exercisable within 60 days of December 31, 2007 to purchase 16,000 shares of
common stock; (iii) 21,530.429 shares of the Issuer held by Mr. Hanson
through the Communications Systems, Inc. Employee Stock Ownership Plan (“CSI
ESOP”); and (iv) 1,411 shares owned by Mr. Hanson’s spouse. Mr. Hanson is a trustee of the CSI
ESOP. As of December 31, 2007, the CSI
ESOP held 549,033 shares of the Issuer.
Mr. Hanson disclaims any beneficial ownership of the shares of the
Issuer owned by his spouse and disclaims beneficial ownership of any shares
of the Issuer held by the CSI ESOP in excess of the shares allocated to his
CSI ESOP account, which totaled 21,530.429 shares.
	(b)	Percent of class: 1.37% based on 8,803,295
shares of the Issuer’s common stock outstanding (on average) for the three
month period ending September 30, 2007 as reported in the Issuer’s Form 10-Q
filed November 13, 2007 and including all 120,610.429 shares that could be
deemed to be beneficially owned by Mr. Hanson. If all shares held by the CSI ESOP
allocated to accounts other than that of Mr. Hanson were included in the
number of shares beneficially owned by Mr. Hanson, Mr. Hanson would hold
648,113 shares of the Issuer, or 7.36% based on 8,803,295 shares of the
Issuer’s common stock outstanding (on average) for the three month period
ending September 30, 2007 as reported in the Issuer’s Form 10-Q filed
November 13, 2007.
	(c)	Number of shares as to
which the person has:
		(i)	Sole power to vote or to
direct the vote Sole power to vote or
direct the vote: 119,199.429 (includes
options held by Mr. Hanson exercisable within 60 days of December 31, 2007 to
purchase 16,000 shares of common stock).
		(ii)	Shared power to vote or to
direct the vote Shared power to vote or
direct the vote: 1,411 (does not include an aggregate of 527,502.571 shares
of the Issuer held by the CSI ESOP and allocated to accounts other than that
of Mr. Hanson)
		(iii)	Sole power to dispose or
to direct the disposition of Sole power to dispose or
direct the disposition of: 119,199.429
(includes options held by Mr. Hanson exercisable within 60 days of December
31, 2007 to purchase 16,000 shares of common stock)
		(iv)	Shared power to dispose or
to direct the disposition of Shared power to dispose or
direct the disposition of: 1,411 (does
not include an aggregate of 527,502.571 shares of the Issuer held by the CSI
ESOP and allocated to accounts other than that of Mr. Hanson)
Item 5.	Ownership of Five Percent or Less
of a Class
If this statement is being filed to report the fact
that as of the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of securities, check
the following o .
Item 6.	Ownership of More than Five Percent
on Behalf of Another Person
Not Applicable
Item 7.	Identification and Classification
of the Subsidiary Which Acquired the Security Being Reported on By the Parent
Holding Company or Control Person
Not Applicable
Item 8.	Identification and Classification
of Members of the Group
Not Applicable
Item 9.	Notice of Dissolution of Group
Not Applicable

4

SEQ.=1,FOLIO='4',FILE='C:\JMS\oyang\08-5563-2\task2689487\5563-2-ba.htm',USER='oyang',CD='Feb 13 14:13 2008'

CUSIP No. 203900 10 5
Item 10.	Certification
By
signing below I certify that, to the best of my knowledge and belief, the
securities referred to above were not acquired and are not held for the purpose
of or with the effect of changing or influencing the control of the issuer of
the securities and were not acquired and are not held in connection with or
as a participant in any transaction having that purpose or effect.

*Signature*

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

February 12, 2008
Date
/s/ Paul N. Hanson
Signature
Paul N. Hanson
Name/Title

5

SEQ.=1,FOLIO='5',FILE='C:\JMS\oyang\08-5563-2\task2689487\5563-2-ba.htm',USER='oyang',CD='Feb 13 14:13 2008'