$SUNE|4May 26, 9:34 PM ET

COMMUNICATIONS SYSTEMS INC 4

4 · COMMUNICATIONS SYSTEMS INC · Filed May 26, 2015

Form 4

Period: 2015-05-21

Director

Transactions

Exercise/Conversion
Common Stock
2015-05-21$9.90/sh+4,040$39,996→ 16,963 total
Award
Non-Qualified Stock Option
2015-05-21+13,718→ 13,718 total
Exercise: $11.05From: 2016-05-21Exp: 2022-05-21→ Common Stock (13,718 underlying)
Exercise/Conversion
Common Stock
2015-05-21$10.21/sh+3,000$30,630→ 19,963 total
Tax Payment
Common Stock
2015-05-21$10.21/sh−2,771$28,292→ 17,192 total
Award
Restricted Stock Units
2015-05-21+2,035→ 2,035 total
→ Common Stock (2,035 underlying)
Exercise/Conversion
Restricted Stock Units
2015-05-21−4,040→ 0 total
Exercise: $9.90From: 2015-05-21Exp: 2015-05-21→ Common Stock (4,040 underlying)
Exercise/Conversion
Stock Option
2015-05-21−3,000→ 0 total
Exercise: $10.21From: 2005-05-24Exp: 2015-05-24→ Common Stock (3,000 underlying)

Footnotes (2)

[F1]Each Restricted Stock Unit represents a contingent right to receive one share of CSI Common Stock
[F2]The Restricted Stock Units vest on the earlier of the first anniversary of the date of grant or the 2016 Annual Meeting of Shareholders as long as the director continues to be of service to the Board prior to the vesting date. The Restricted Stock Units have an additional year of restriction and stock will be issued on 5/21/2017.

Documents

1 file