David J. Graff - 11 May 2022 Form 4 Insider Report for NORTECH SYSTEMS INC (NSYS)

Role
Director
Signature
/s/ Mark Hooley, Attorney-in-Fact
Issuer symbol
NSYS
Transactions as of
11 May 2022
Transactions value $
$0
Form type
4
Filing time
16 May 2022, 13:41:27 UTC
Next filing
16 May 2023
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 $0 +3K $0.00 3K 11 May 2022 Direct F1, F2

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 Award $0 +3K $0.00 3K 11 May 2022 Common Stock 3K $13.19 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Grant of Restricted Stock Units ("RSU"). Restrictions lapse on May 11, 2023 with respect to 1,500 units, and May 11, 2024 with respect to 1,500 units.
F2 Such shares are in the form of RSUs. Each RSU represents the right to receive one share of common stock upon vesting.
F3 600 shares vest on each of 5/11/2023, 5/11/2024, 5/11/2025, 5/11/2026 and 5/11/2027.

Remarks:

Exhibit 24.1 Power of Attorney filed with Form 3 on May 16, 2022 and incorporated herein by reference.