PRIMUTH RICHARD A 4

Accession 0001615594-21-000084

CIK 0000022701other

View on SEC.gov Company Profile

Filed

Aug 3, 8:00 PM ET

Accepted

Aug 4, 8:50 PM ET

Size

36.0 KB

Accession

0001615594-21-000084

Insider Transaction Report

Form 4

Period: 2021-08-02

COMMUNICATIONS SYSTEMS INCJCS

PRIMUTH RICHARD A

Director

Transactions

Exercise/Conversion
Common Stock
2021-08-02$4.94/sh+10,000$49,400→ 57,179 total
Exercise/Conversion
Common Stock
2021-08-02$3.95/sh+10,000$39,500→ 43,382 total
Tax Payment
Common Stock
2021-08-02$7.15/sh−5,524$39,497→ 37,858 total
Other
Stock Option (Right-to-Buy)
2021-08-02−25,913→ 0 total
Exercise: $11.05Exp: 2022-05-21→ Common Stock (25,913 underlying)
Exercise/Conversion
Stock Option (Right-to-Buy)
2021-08-02−12,500→ 0 total
Exercise: $2.74Exp: 2026-05-22→ Common Stock (12,500 underlying)
Exercise/Conversion
Stock Option (Right-to-Buy)
2021-08-02−10,000→ 0 total
Exercise: $4.94Exp: 2027-06-17→ Common Stock (10,000 underlying)
Exercise/Conversion
Common Stock
2021-08-02$6.33/sh+28,961$183,323→ 55,090 total
Tax Payment
Common Stock
2021-08-02$7.15/sh−4,790$34,249→ 47,179 total
Exercise/Conversion
Stock Option (Right-to-Buy)
2021-08-02−10,000→ 0 total
Exercise: $3.95Exp: 2025-05-23→ Common Stock (10,000 underlying)
Exercise/Conversion
Stock Option (Right-to-Buy)
2021-08-02−2,500→ 0 total
Exercise: $2.55Exp: 2025-12-12→ Common Stock (2,500 underlying)
Exercise/Conversion
Common Stock
2021-08-02$2.74/sh+12,500$34,250→ 51,969 total
Tax Payment
Common Stock
2021-08-02$7.15/sh−25,639$183,319→ 29,451 total
Tax Payment
Common Stock
2021-08-02$7.15/sh−6,069$43,393→ 33,382 total
Exercise/Conversion
Common Stock
2021-08-02$4.34/sh+10,000$43,400→ 39,451 total
Exercise/Conversion
Common Stock
2021-08-02$2.55/sh+2,500$6,375→ 40,358 total
Tax Payment
Common Stock
2021-08-02$7.15/sh−6,909$49,399→ 50,270 total
Exercise/Conversion
Stock Option (Right-to-Buy)
2021-08-02−28,961→ 0 total
Exercise: $6.33Exp: 2023-05-21→ Common Stock (28,961 underlying)
Exercise/Conversion
Stock Option (Right-to-Buy)
2021-08-02−10,000→ 0 total
Exercise: $4.34Exp: 2024-05-24→ Common Stock (10,000 underlying)
Tax Payment
Common Stock
2021-08-02$7.15/sh−889$6,356→ 39,469 total

Footnotes (7)

[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

Documents

1 file

4
primary_doc.xmlPrimary
PRIMARY DOCUMENT

Issuer

COMMUNICATIONS SYSTEMS INC

CIK 0000022701

→

Entity typeother

Related Parties

filerCIK 0001013832

Filing Metadata

Form type: 4
Filed: Aug 3, 8:00 PM ET
Accepted: Aug 4, 8:50 PM ET
Size: 36.0 KB

View on SEC.gov