FREEMAN EDWIN C 4
4 · COMMUNICATIONS SYSTEMS INC · Filed May 23, 2012
Insider Transaction Report
Form 4
FREEMAN EDWIN C
Director
Transactions
- Award
Common Stock
2012-05-22+3,697→ 18,190 total
Footnotes (3)
- [F1]The common stock reported reflects restricted stock units that will only be settled in common stock and will not be delivered to the reporting person until May 22, 2014 and the reporting person has no right to the shares until that date.
- [F2]The shares represented by the restricted stock units vest on the earlier of: a) May 22, 2013 or b) the date of the 2013 Communications Systems, Inc. Annual Meeting of Shareholders.
- [F3]The shares were computed based on the Nasdaq closing price of Communications Systems, Inc. stock on May 22, 2012.