UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP ( ) Check this box if no longer subject to Section 16. Form 4 or Form 5 Obligations may continue. See Instruction 1(b). 1. Name and Address of Reporting Person: BRAUN, CHARLES A. 510 SECOND STREET EAST HECTOR, MN 55342 USA 2. Issuer Name and Ticker or Trading Symbol COMMUNICATIONS SYSTEMS, INC. JCS 3. IRS or Social Security Number of Reporting Person (Voluntary) 4. Statement for Month/Year 2/11/2003 5. If Amendment, Date of Original (Month/Year) N/A 6. Relationship of Reporting Person(s) to Issuer (Check all Applicable): ( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other (specify below) CONTROLLER 7. Individual of Joint/Group Filing (Check Applicable Line) (X) Form filed by One Reporting Person ( ) Form filed by more than One Reporting Person
- ------------------------------------------------------------------------------------------------------------------------------------ Table I - Non-derivative Securities Acquired, Disposed of, or Beneficially Owned - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ 1. Title of Security 2. Transaction 3. Transaction 4. Securities 5. Amount of 6. Ownership 7. Nature of Date Code Acquired (A) or Securities Form: Direct Indirect Disposed of (D) Beneficialy Owned (D) or Beneficial at End of Month Indirect (I) Ownership --------------- (A) or Code V Amount (D) Price - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 32,812 D 2/11/2003 A 75.381 A 6,823.574 I ESOP* * Acquired Pursuant to Communications System, Inc. Employee Stock Ownership Plan and Trust
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned - ------------------------------------------------------------------------------------------------------------------------------------ 1.Title of 2.Conver- 3.Trans- 4.Trans- 5.Number of 6.Date 7.Title and 8.Price 9.Number of 10.Ownership 11.Nature of Derivative sion or action action Derivative Exercis- Amount of of Derivative Form of Indirect Security Exercise Date Code Securities able and Underlying Deriva Securities Derivative Beneficial Price of Acquired Expira- Securities tive Beneficially Securities Ownership Deriv- (A) or tion Security Owned at Beneficially ative Disposed Date End of Owned at Security of (D) Month End of Month ------------------------------------------------ Amount Date or Exer- Expir Number cis- ation of Code V (A) (D) able Date Title Shares - ------------------------------------------------------------------------------------------------------------------------------------ Common N/A
Explanation of Responses: Signature of Reporting Person /s/ CHARLES A. BRAUN Date FEBRUARY 13, 2002