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Ownership Document
|
| Schema Version: X0508 |
| Document Type: 4 |
| Period of Report: 8/11/23 |
| Issuer: |
| Issuer CIK: 722313 |
| Issuer Name: NORTECH SYSTEMS INC |
| Issuer Trading Symbol: NSYS |
| Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1763545 |
| | Owner Name: Lindeen John |
| Reporting Owner Address: |
| | Owner Street 1: 7550 MERIDIAN CIRCLE N |
| | Owner Street 2: SUITE 150 |
| | Owner City: MAPLE GROVE |
| | Owner State: MN |
| | Owner ZIP Code: 55369 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Director? No |
| | Is Officer? Yes |
| | Is Ten Percent Owner? No |
| | Is Other? No |
| | Officer Title: SR VP - GLOBAL OPERATIONS |
| | Other Text: |
| Aff 10b5 One: 0 |
| Non-Derivative Table: |
| Derivative Table: |
| Derivative Transaction: |
| | Security Title: |
| | | Value: Common Stock Options |
| | Conversion or Exercise Price: |
| | | Value: 9.94 |
| | Transaction Date: |
| | | Value: 8/11/23 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: A |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 2000 |
| Footnote ID: F1 |
| | | Transaction Price Per Share: |
| Value: 0 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Exercise Date: |
| | | Footnote ID: F1 |
| | Expiration Date: |
| | | Value: 8/11/33 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 2000 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 2000 |
| Footnote ID: F1 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| | | Nature of Ownership: |
| Value: |
| Footnotes: |
| Footnote - F1: The options shall vest in five cumulative installments, with twenty percent (20%) of the total grant becoming exercisable on the first anniversary of the grant date (the "Vesting Date"), and additional twenty percent (20%) over the next four years on the Vesting Dates. |
| Remarks: This Form 4 is being filed late due to inadvertent administrative error. Exhibit 24.1 Power of Attorney |
| Owner Signature: |
| Signature Name: Gioia Gentile, by power of attorney for John Lindeen |
| Signature Date: 2/13/24 |
