David J. Graff - 11 May 2022 Form 4 Insider Report for NORTECH SYSTEMS INC (NSYS)

Reporting relationship: Director
Issuer ticker: NSYS
Reported as of: 11 May 2022
Net transaction value: $0
SEC form: 4
Accepted by SEC: 16 May 2022, 13:41:27 UTC
Next SEC filing: 16 May 2023
Source filing: View source filing
Reporting owner signature: /s/ Mark Hooley, Attorney-in-Fact

Key filing fact

David J. Graff filed Form 4 for NORTECH SYSTEMS INC (NSYS) on 16 May 2022.

Key facts

This page summarizes David J. Graff's Form 4 filing for NORTECH SYSTEMS INC (NSYS).
2 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 16 May 2022, 13:41.

Change

No earlier filing in this sequence is available for direct comparison.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

NSYS transaction

Common Stock

Award

Transaction value: $0
Shares: +3,000
Change %
Price: $0.000000
Shares after: 3,000
Date: 11 May 2022
Ownership: Direct
Footnotes: F1, F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

NSYS transaction Derivative

Stock Options

Award

Transaction value: $0
Shares: +3,000
Change %
Price: $0.000000
Shares after: 3,000
Date: 11 May 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 3,000
Exercise price: $13.19
Footnotes: F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

Grant of Restricted Stock Units ("RSU"). Restrictions lapse on May 11, 2023 with respect to 1,500 units, and May 11, 2024 with respect to 1,500 units.

Footnote F2

Such shares are in the form of RSUs. Each RSU represents the right to receive one share of common stock upon vesting.

Footnote F3

600 shares vest on each of 5/11/2023, 5/11/2024, 5/11/2025, 5/11/2026 and 5/11/2027.

SEC remarks

Exhibit 24.1 Power of Attorney filed with Form 3 on May 16, 2022 and incorporated herein by reference.