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