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

Role
Controller
Signature
Suzette McNally, Attorney-in-Fact for Kristin Hlavka
Stock symbol
PEGY
Transactions as of
Aug 2, 2021
Transactions value $
-$8,387
Form type
4
Date filed
8/4/2021, 09:16 PM
Previous filing
May 13, 2021
Next filing
Sep 22, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PEGY Common Stock Options Exercise $51.2K +7.47K +50.94% $6.85 22.1K Aug 2, 2021 Direct
transaction PEGY Common Stock Tax liability -$52.2K -7.3K -32.96% $7.15 14.8K Aug 2, 2021 Direct
transaction PEGY Common Stock Options Exercise $9.1K +2K +13.48% $4.55* 16.8K Aug 2, 2021 Direct
transaction PEGY Common Stock Tax liability -$11.4K -1.6K -9.48% $7.15 15.2K Aug 2, 2021 Direct
transaction PEGY Common Stock Options Exercise $21.1K +4.79K +31.4% $4.40* 20K Aug 2, 2021 Direct
transaction PEGY Common Stock Options Exercise -$26.9K -3.76K -18.8% $7.15 16.3K Aug 2, 2021 Direct
transaction PEGY Common Stock Options Exercise $26.7K +7.39K +45.46% $3.61 23.7K Aug 2, 2021 Direct
transaction PEGY Common Stock Tax liability -$38.3K -5.36K -22.67% $7.15 18.3K Aug 2, 2021 Direct
transaction PEGY Common Stock Options Exercise $10.4K +3.94K +25.07% $2.64 19.7K Aug 2, 2021 Direct
transaction PEGY Common Stock Tax liability -$18.3K -2.56K -11.53% $7.15 19.7K Aug 2, 2021 Direct
transaction PEGY Common Stock Options Exercise $31K +5.76K +29.28% $5.39 25.4K Aug 2, 2021 Direct
transaction PEGY Common Stock Tax liability -$35.6K -4.97K -19.56% $7.15 20.5K Aug 2, 2021 Direct
transaction PEGY Common Stock Options Exercise $17.2K +2.41K +11.77% $7.15 22.9K Aug 2, 2021 Direct
transaction PEGY Common Stock Tax liability -$5.26K -736 -3.22% $7.15 22.1K Aug 2, 2021 Direct
transaction PEGY Common Stock Options Exercise $18.6K +2.6K +11.76% $7.15 24.7K Aug 2, 2021 Direct
transaction PEGY Common Stock Tax liability -$5.68K -795 -3.21% $7.15 23.9K 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 -4.78K -100% $0.00* 0 Aug 2, 2021 Common Stock 4.78K $11.65 Direct F1
transaction PEGY Stock Option (Right-to-Buy) Options Exercise $0 -7.47K -100% $0.00* 0 Aug 2, 2021 Common Stock 7.47K $6.85 Direct
transaction PEGY Stock Option (Right-to-Buy) Options Exercise $0 -2K -100% $0.00* 0 Aug 2, 2021 Common Stock 2K $4.55 Direct
transaction PEGY Stock Option (Right-to-Buy) Options Exercise $0 -4.79K -100% $0.00* 0 Aug 2, 2021 Common Stock 4.79K $4.40 Direct
transaction PEGY Stock Option (Right-to-Buy) Options Exercise $0 -7.39K -100% $0.00* 0 Aug 2, 2021 Common Stock 7.39K $3.61 Direct
transaction PEGY Stock Option (Right-to-Buy) Options Exercise $0 -3.94K -100% $0.00* 0 Aug 2, 2021 Common Stock 3.94K $2.64 Direct
transaction PEGY Stock Option (Right-to-Buy) Options Exercise $0 -5.76K -100% $0.00* 0 Aug 2, 2021 Common Stock 5.76K $5.39 Direct
transaction PEGY Restricted Stock Units Options Exercise $0 -2.41K -100% $0.00* 0 Aug 2, 2021 Common Stock 2.41K $7.15 Direct
transaction PEGY Restricted Stock Units Options Exercise $0 -2.6K -100% $0.00* 0 Aug 2, 2021 Common Stock 2.6K $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 date without any payment therefor