X0306
4
2020-05-06
0
0000022701
COMMUNICATIONS SYSTEMS INC
JCS
0001469238
Lacey Roger HD
10900 RED CIRCLE DRIVE
MINNETONKA
MN
55343
1
1
0
0
CEO
Common Stock
82891.443
D
Common Stock
7539.7236
I
By ESOP
Stock Option (Right-to-Buy)
5.39
2020-05-06
4
A
0
35095
0
A
2021-05-06
2027-05-06
Common Stock
35095
35095
D
Restricted Stock Units
2020-05-06
4
A
0
23798
0
A
Common Stock
23798
23798
D
Reflects all Employee Stock Purchase Plan issuances through May 6, 2020.
Reflects all ESOP allocations and dispositions that have occurred since reporting person's last report.
Option vests as to 25% on each of the first four anniversaries of the date of grant.
Each Restricted Stock Unit represents a contingent right to receive one share of CSI Common Stock.
The Restricted Stock Units vest as to 1/3 of the shares on each of the first three anniversaries of the date of grant.
Suzette McNally, Attorney-in-Fact for Roger H.D. Lacey
2020-05-08