Stacy A. Kruse - 13 May 2021 Form 4 Insider Report for NORTECH SYSTEMS INC (NSYS)

Role
Director
Signature
/s/ Stacy Kruse
Issuer symbol
NSYS
Transactions as of
13 May 2021
Transactions value $
$0
Form type
4
Filing time
21 May 2021, 12:08:19 UTC
Next filing
21 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding NSYS Common Stock 0 13 May 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 NSYS Stock Options (right to buy) Award $0 +3,000 $0.000000 3,000 13 May 2021 Common Stock 3,000 $5.76 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 600 shares vest on each of 5/13/2022, 5/13/2023, 5/13/2024, 5/13/2025 and 5/13/2026. Exercise of the option is also subject to shareholder approval of an increase in the number of shares authorized under the 2017 Stock Option Plan.