DAVID B. KUNIN - 17 Mar 2022 Form 4 Insider Report for NORTECH SYSTEMS INC (NSYS)

Role
Director, 10%+ Owner
Signature
/s/ Mark Hooley, Attorney-in-Fact
Issuer symbol
NSYS
Transactions as of
17 Mar 2022
Transactions value $
$35,400
Form type
4
Filing time
21 Mar 2022, 21:57:29 UTC
Previous filing
01 Mar 2022
Next filing
25 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NSYS Common Stock Award $35.4K +3K +5.6% $11.80 56.6K 17 Mar 2022 Direct F1
holding NSYS Common Stock 1.34M 17 Mar 2022 By Curtis Squire, Inc. F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 3,000 Restricted Stock Units granted on 3/17/2022, with 1,500 shares vesting on each of 3/17/2023 and 3/17/2024.
F2 Voting and dispositive power over shares held by Curtis Squire, Inc. is shared by Curtis Squires' board of directors. The Reporting Person is a member of Curtis Squires' board of directors, and as such, the Reporting Person is deemed to hold shared voting and dispositive power over these shares.

Remarks:

Exhibit 24.1 - Power of Attorney incorporated herein by reference to the Reporting Person's Form 4 filed on January 20, 2022.