Scott Fluegge - Aug 2, 2021 Form 4 Insider Report for COMMUNICATIONS SYSTEMS INC (PEGY)

Role
VP of IT
Signature
Suzette McNally, Attorney-in-Fact for Scott Fluegge
Stock symbol
PEGY
Transactions as of
Aug 2, 2021
Transactions value $
-$18,938
Form type
4
Date filed
8/5/2021, 06:46 AM
Previous filing
May 13, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PEGY Common Stock Options Exercise $141K +20.6K +76.69% $6.85* 47.5K Aug 2, 2021 Direct
transaction PEGY Common Stock Tax liability -$143K -20.1K -42.22% $7.15* 27.5K Aug 2, 2021 Direct
transaction PEGY Common Stock Options Exercise $44K +10K +36.42% $4.40 37.5K Aug 2, 2021 Direct
transaction PEGY Common Stock Tax liability -$67.9K -9.5K -25.33% $7.15* 28K Aug 2, 2021 Direct
transaction PEGY Common Stock Options Exercise $38.3K +10.6K +37.94% $3.61 38.6K Aug 2, 2021 Direct
transaction PEGY Common Stock Tax liability -$57.1K -7.98K -20.67% $7.15* 30.6K Aug 2, 2021 Direct
transaction PEGY Common Stock Options Exercise $43.3K +16.4K +53.56% $2.64 47K Aug 2, 2021 Direct
transaction PEGY Common Stock Tax liability -$79.8K -11.2K -23.71% $7.15* 35.9K Aug 2, 2021 Direct
transaction PEGY Common Stock Options Exercise $47.2K +8.75K +24.39% $5.39 44.6K Aug 2, 2021 Direct
transaction PEGY Common Stock Tax liability -$37.1K -5.18K -11.61% $7.15* 39.5K Aug 2, 2021 Direct
transaction PEGY Common Stock Options Exercise $68.9K +12.8K +32.39% $5.39 52.2K Aug 2, 2021 Direct
transaction PEGY Common Stock Tax liability -$76.8K -10.7K -20.57% $7.15* 41.5K Aug 2, 2021 Direct
transaction PEGY Common Stock Options Exercise $38.2K +5.34K +12.88% $7.15* 46.8K Aug 2, 2021 Direct
transaction PEGY Common Stock Tax liability -$9.3K -1.3K -2.78% $7.15* 45.5K Aug 2, 2021 Direct
transaction PEGY Common Stock Options Exercise $41.3K +5.78K +12.69% $7.15* 51.3K Aug 2, 2021 Direct
transaction PEGY Common Stock Tax liability -$10.1K -1.41K -2.74% $7.15* 49.9K Aug 2, 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 -15.7K -100% $0.00* 0 Aug 2, 2021 Common Stock 15.7K $11.65 Direct F1
transaction PEGY Stock Option (Right-to-Buy) Options Exercise $0 -11.7K -100% $0.00* 0 Aug 2, 2021 Common Stock 11.7K $6.85 Direct
transaction PEGY Stock Option (Right-to-Buy) Options Exercise $0 -8.9K -100% $0.00* 0 Aug 2, 2021 Common Stock 8.9K $6.85 Direct
transaction PEGY Stock Option (Right-to-Buy) Options Exercise $0 -10K -100% $0.00* 0 Aug 2, 2021 Common Stock 10K $6.55 Direct
transaction PEGY Stock Option (Right-to-Buy) Options Exercise $0 -10.6K -100% $0.00* 0 Aug 2, 2021 Common Stock 10.6K $4.40 Direct
transaction PEGY Stock Option (Right-to-Buy) Options Exercise $0 -16.4K -100% $0.00* 0 Aug 2, 2021 Common Stock 16.4K $3.61 Direct
transaction PEGY Stock Option (Right-to-Buy) Options Exercise $0 -8.75K -100% $0.00* 0 Aug 2, 2021 Common Stock 8.75K $2.64 Direct
transaction PEGY Stock Option (Right-to-Buy) Options Exercise $0 -12.8K -100% $0.00* 0 Aug 2, 2021 Common Stock 12.8K $5.39 Direct
transaction PEGY Restricted Stock Units Options Exercise $0 -5.34K -100% $0.00* 0 Aug 2, 2021 Common Stock 5.34K $7.15 Direct
transaction PEGY Restricted Stock Units Options Exercise $0 -5.78K -100% $0.00* 0 Aug 2, 2021 Common Stock 5.78K $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 date of the E&S Sale Transaction were terminated and cancelled as of the closing without any payment therefor