RICHARD A. PRIMUTH - 02 Aug 2021 Form 4 Insider Report for COMMUNICATIONS SYSTEMS INC (SUNE)

Role
Director
Signature
Suzette McNally, Attorney-in-Fact for Richard A. Primuth
Issuer symbol
SUNE
Transactions as of
02 Aug 2021
Net transactions value
+$35.13
Form type
4
Filing time
04 Aug 2021, 20:50:19 UTC
Next filing
29 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PEGY Common Stock Options Exercise $183,323 +28,961 +111% $6.33 55,090 02 Aug 2021 Direct
transaction PEGY Common Stock Tax liability $183,319 -25,639 -47% $7.15 29,451 02 Aug 2021 Direct
transaction PEGY Common Stock Options Exercise $43,400 +10,000 +34% $4.34 39,451 02 Aug 2021 Direct
transaction PEGY Common Stock Tax liability $43,393 -6,069 -15% $7.15 33,382 02 Aug 2021 Direct
transaction PEGY Common Stock Options Exercise $39,500 +10,000 +30% $3.95 43,382 02 Aug 2021 Direct
transaction PEGY Common Stock Tax liability $39,497 -5,524 -13% $7.15 37,858 02 Aug 2021 Direct
transaction PEGY Common Stock Options Exercise $6,375 +2,500 +6.6% $2.55 40,358 02 Aug 2021 Direct
transaction PEGY Common Stock Tax liability $6,356 -889 -2.2% $7.15 39,469 02 Aug 2021 Direct
transaction PEGY Common Stock Options Exercise $34,250 +12,500 +32% $2.74 51,969 02 Aug 2021 Direct
transaction PEGY Common Stock Tax liability $34,248 -4,790 -9.2% $7.15 47,179 02 Aug 2021 Direct
transaction PEGY Common Stock Options Exercise $49,400 +10,000 +21% $4.94 57,179 02 Aug 2021 Direct
transaction PEGY Common Stock Tax liability $49,399 -6,909 -12% $7.15 50,270 02 Aug 2021 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PEGY Stock Option (Right-to-Buy) Other $0 -25,913 -100% $0.000000* 0 02 Aug 2021 Common Stock 25,913 $11.05 Direct F1
transaction PEGY Stock Option (Right-to-Buy) Options Exercise $0 -28,961 -100% $0.000000* 0 02 Aug 2021 Common Stock 28,961 $6.33 Direct F2
transaction PEGY Stock Option (Right-to-Buy) Options Exercise $0 -10,000 -100% $0.000000* 0 02 Aug 2021 Common Stock 10,000 $4.34 Direct F3
transaction PEGY Stock Option (Right-to-Buy) Options Exercise $0 -10,000 -100% $0.000000* 0 02 Aug 2021 Common Stock 10,000 $3.95 Direct F4
transaction PEGY Stock Option (Right-to-Buy) Options Exercise $0 -2,500 -100% $0.000000* 0 02 Aug 2021 Common Stock 2,500 $2.55 Direct F5
transaction PEGY Stock Option (Right-to-Buy) Options Exercise $0 -12,500 -100% $0.000000* 0 02 Aug 2021 Common Stock 12,500 $2.74 Direct F6
transaction PEGY Stock Option (Right-to-Buy) Options Exercise $0 -10,000 -100% $0.000000* 0 02 Aug 2021 Common Stock 10,000 $4.94 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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