0001615594-20-000075.txt : 20201209 0001615594-20-000075.hdr.sgml : 20201209 20201209181531 ACCESSION NUMBER: 0001615594-20-000075 CONFORMED SUBMISSION TYPE: 3 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20201201 FILED AS OF DATE: 20201209 DATE AS OF CHANGE: 20201209 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Kumar Anita CENTRAL INDEX KEY: 0001834663 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 001-31588 FILM NUMBER: 201378873 MAIL ADDRESS: STREET 1: 10900 RED CIRCLE DRIVE CITY: MINNETONKA STATE: MN ZIP: 55343 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: COMMUNICATIONS SYSTEMS INC CENTRAL INDEX KEY: 0000022701 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE & TELEGRAPH APPARATUS [3661] IRS NUMBER: 410957999 STATE OF INCORPORATION: MN FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 10900 RED CIRCLE DRIVE CITY: MINNETONKA STATE: MN ZIP: 55343 BUSINESS PHONE: 9529961674 MAIL ADDRESS: STREET 1: 10900 RED CIRCLE DRIVE CITY: MINNETONKA STATE: MN ZIP: 55343 3 1 primary_doc.xml PRIMARY DOCUMENT X0206 3 2020-12-01 0 0000022701 COMMUNICATIONS SYSTEMS INC JCS 0001834663 Kumar Anita 10900 RED CIRCLE DRIVE MINNETONKA MN 55343 1 1 0 0 President/CEO Common Stock 5636.72 I By ESOP Common Stock 2559 D Stock Option (Right-to-Buy) 5.39 2021-05-06 2027-05-06 Common Stock 10493 D Stock Option (Right-to-Buy) 4.4512 2020-11-24 2027-11-24 Common Stock 18750 D Restricted Stock Units Common Stock 3983 D Restricted Stock Units Common Stock 7115 D Restricted Stock Units Common Stock 5000 D Option vests as to 25% on each of the first four anniversaries of the date of grant. Option vests as to 25% on the date of grant and each of the first three 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 50% on each of March 28, 2021 and 2022. The Restricted Stock Units vest as to 1/3 on each of May 6, 2021, 2022 and 2023. The Restricted Stock Units vest as to 50% on each of November 24, 2021 and 2022. Suzette McNally, Attorney-in-Fact for Anita Kumar 2020-12-09