JAY D. MILLER - 27 Feb 2022 Form 4 Insider Report for NORTECH SYSTEMS INC (NSYS)

Role
President and CEO, Director
Signature
/s/ Mark Hooley, as Attorney-in-Fact for Jay D. Miller
Issuer symbol
NSYS
Transactions as of
27 Feb 2022
Transactions value $
$0
Form type
4
Filing time
25 Mar 2022, 16:35:07 UTC
Previous filing
13 Jan 2022
SEC
View on sec.gov

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 Common Stock Options Award $0 +21,000 $0 21,000 27 Feb 2022 Common Stock 21,000 $10.44 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents 21,000 option shares granted pursuant to a Stock Option Agreement and in accordance with an Employment Agreement, each dated 2/27/2022; with 5,000 option shares vesting on each of 2/27/2025, 2/27/2026, 2/27/2027, and 3,000 option shares vesting on each of 2/27/2028 and 2/27/2029.

Remarks:

Exhibit 24.1 - Power of Attorney filed with Form 4 on July 30, 2021 and incorporated herein by reference.