0001615594-21-000083.txt : 20210804
0001615594-21-000083.hdr.sgml : 20210804
20210804203003
ACCESSION NUMBER: 0001615594-21-000083
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210802
FILED AS OF DATE: 20210804
DATE AS OF CHANGE: 20210804
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: SAMPSON RANDALL D
CENTRAL INDEX KEY: 0001042527
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-31588
FILM NUMBER: 211145871
MAIL ADDRESS:
STREET 1: 1100 CANTERBURY ROAD
CITY: SHAKOPEE
STATE: MN
ZIP: 55379
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
4
1
primary_doc.xml
PRIMARY DOCUMENT
X0306
4
2021-08-02
0
0000022701
COMMUNICATIONS SYSTEMS INC
JCS
0001042527
SAMPSON RANDALL D
1100 CANTERBURY ROAD
SHAKOPEE
MN
55379
1
0
0
0
Common Stock
2021-08-02
4
M
0
16767
6.33
A
76666
D
Common Stock
2021-08-02
4
F
0
14844
7.15
D
61822
D
Common Stock
2021-08-02
4
M
0
10000
4.34
A
71822
D
Common Stock
2021-08-02
4
F
0
6069
7.15
D
65753
D
Common Stock
2021-08-02
4
M
0
12500
2.74
A
78253
D
Common Stock
2021-08-02
4
F
0
4790
7.15
D
73463
D
Common Stock
2021-08-02
4
M
0
10000
4.94
A
83463
D
Common Stock
2021-08-02
4
F
0
6909
7.15
D
76554
D
Common Stock
681334
I
See footnotes 2 and 3
Stock Option (Right-to-Buy)
11.05
2021-08-02
4
J
0
16767
0
D
2022-05-21
Common Stock
16767
0
D
Stock Option (Right-to-Buy)
6.33
2021-08-02
4
M
0
16767
0
D
2023-05-19
Common Stock
16767
0
D
Stock Option (Right-to-Buy)
4.34
2021-08-02
4
M
0
10000
0
D
2024-05-24
Common Stock
10000
0
D
Stock Option (Right-to-Buy)
2.74
2021-08-02
4
M
0
12500
0
D
2026-05-22
Common Stock
12500
0
D
Stock Option (Right-to-Buy)
4.94
2021-08-02
4
M
0
10000
0
D
2027-06-17
Common Stock
10000
0
D
Includes 34,550 shares owned by reporting person individually and 25,349 shares owned jointly by reporting person and his spouse
Held as of August 2, 2021 by the Sampson Family Real Estate Holdings, LLC (SFREH), of which Mr. Sampson is the sole manager. Members of SFREH include the Marian Arlis Sampson 2012 Family Revocable Trust, the Curtis A. Sampson Family Trust, and the Randall D. Sampson GST Trust, of which Mr. Sampson is the grantor and his grandchildren are beneficiaries. Mr. Sampson and his children are among the beneficiaries of the Marian Arlis Sampson 2012 Family Irrevocable Trust and the Curtis A. Sampson Family Trust. Mr. Sampson disclaims beneficial ownership in membership interests of SFREH in which he has no pecuniary interest.
Following the death of Curtis A. Sampson on July 16, 2020, Randall D. Sampson became the executor of the estate of Curtis A. Sampson, became the trustee of certain trusts of Curtis A. Sampson that held Communication Systems, Inc. stock and was granted other fiduciary powers relating to Communications Systems, Inc. stock. Transactions by Mr. R. Sampson in Communications Systems, Inc. stock in his fiduciary capacity subsequent to July 16, 2020 are exempt from reporting under Rule 16a-2(d)(1).
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 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.
Option fully vested on May 19, 2017
Option fully vested on May 24, 2018
Option fully vested on May 22, 2020
Option fully vested on June 17, 2021
Suzette McNally, Attorney-in-Fact for Randall D. Sampson
2021-08-04