Roger HD Lacey - Aug 2, 2021 Form 4 Insider Report for COMMUNICATIONS SYSTEMS INC (PEGY)

Role
Chairman/Interim CEO, Director
Signature
Suzette McNally, Attorney-in-Fact for Roger H.D. Lacey
Stock symbol
PEGY
Transactions as of
Aug 2, 2021
Transactions value $
-$295,955
Form type
4
Date filed
8/4/2021, 09:45 PM
Previous filing
May 13, 2021
Next filing
May 16, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PEGY Common Stock Options Exercise $283K +41.3K +40.94% $6.85* 142K Aug 2, 2021 Direct
transaction PEGY Common Stock Tax liability -$289K -40.4K -28.48% $7.15* 102K Aug 2, 2021 Direct
transaction PEGY Common Stock Options Exercise $248K +56.3K +55.39% $4.40 158K Aug 2, 2021 Direct
transaction PEGY Common Stock Tax liability -$330K -46.2K -29.26% $7.15* 112K Aug 2, 2021 Direct
transaction PEGY Common Stock Options Exercise $223K +61.9K +55.43% $3.61 174K Aug 2, 2021 Direct
transaction PEGY Common Stock Tax liability -$340K -47.6K -27.44% $7.15* 126K Aug 2, 2021 Direct
transaction PEGY Common Stock Options Exercise $128K +50K +39.72% $2.55 176K Aug 2, 2021 Direct
transaction PEGY Common Stock Tax liability -$250K -35K -19.9% $7.15* 141K Aug 2, 2021 Direct
transaction PEGY Common Stock Options Exercise $19.8K +7.5K +5.32% $2.64 148K Aug 2, 2021 Direct
transaction PEGY Common Stock Tax liability -$37.9K -5.3K -3.57% $7.15* 143K Aug 2, 2021 Direct
transaction PEGY Common Stock Options Exercise $189K +35.1K +24.53% $5.39 178K Aug 2, 2021 Direct
transaction PEGY Common Stock Tax liability -$222K -31.1K -17.44% $7.15* 147K Aug 2, 2021 Direct
transaction PEGY Common Stock Options Exercise $32.7K +4.58K +3.11% $7.15* 152K Aug 2, 2021 Direct
transaction PEGY Common Stock Tax liability -$13.9K -1.94K -1.28% $7.15* 150K Aug 2, 2021 Direct
transaction PEGY Common Stock Options Exercise $113K +15.9K +10.59% $7.15* 166K Aug 2, 2021 Direct
transaction PEGY Common Stock Tax liability -$48.1K -6.72K -4.06% $7.15* 159K Aug 2, 2021 Direct
holding PEGY Common Stock 9.63K Aug 2, 2021 By ESOP

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 -22.7K -100% $0.00* 0 Aug 2, 2021 Common Stock 22.7K $11.65 Direct F1
transaction PEGY Stock Option (Right-to-Buy) Other $0 -6.1K -100% $0.00* 0 Aug 2, 2021 Common Stock 6.1K $11.09 Direct F1
transaction PEGY Stock Option (Right-to-Buy) Other $0 -18.9K -100% $0.00* 0 Aug 2, 2021 Common Stock 18.9K $11.09 Direct F1
transaction PEGY Stock Option (Right-to-Buy) Other $0 -25.1K -100% $0.00* 0 Aug 2, 2021 Common Stock 25.1K $11.05 Direct F1
transaction PEGY Stock Option (Right-to-Buy) Options Exercise $0 -16.7K -100% $0.00* 0 Aug 2, 2021 Common Stock 16.7K $7.34 Direct
transaction PEGY Stock Option (Right-to-Buy) Options Exercise $0 -41.3K -100% $0.00* 0 Aug 2, 2021 Common Stock 41.3 $6.85 Direct
transaction PEGY Stock Option (Right-to-Buy) Options Exercise $0 -15.5K -100% $0.00* 0 Aug 2, 2021 Common Stock 15.5K $4.40 Direct
transaction PEGY Stock Option (Right-to-Buy) Options Exercise $0 -40.8K -100% $0.00* 0 Aug 2, 2021 Common Stock 40.8K $4.40 Direct
transaction PEGY Stock Option (Right-to-Buy) Options Exercise $0 -61.9K -100% $0.00* 0 Aug 2, 2021 Common Stock 61.9K $3.61 Direct
transaction PEGY Restricted Stock Units Options Exercise $0 -4.58K -100% $0.00* 0 Aug 2, 2021 Common Stock 4.58K $7.15 Direct
transaction PEGY Restricted Stock Units Options Exercise $0 -15.9K -100% $0.00* 0 Aug 2, 2021 Common Stock 15.9K $7.15 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

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