SEC Form 4 · accession 0001179110-18-006547
NORTECH SYSTEMS INC · NSYS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David B Kunin
Director
Period of report
May 9, 2018
Accepted (ET)
May 10, 2018 · 3:23 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000722313
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | holding | — | — | — | 30,650 | D | ||
| Common StockF1 | holding | — | — | — | 1,344,066 | I | By Curtis Squire, Inc. |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common StockF2 | $3.29 | May 9, 2018 | A | 3,000 | A | — | May 9, 2028 | Common Stock | 3,000 | 3,000 | D |
Explanation of responses
- F1Voting 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.
- F2600 shares vest on each of 5/9/2019, 5/9/2020, 5/9/2021, 5/9/2022 and 5/9/2023.
Remarks
Power of Attorney filed herewith as Exhibit 24.1.