Electronic Systems Technology, Inc.

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549


FORM 8-K

Current Report
Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of Earliest event Reported): February 27, 2014


ELECTRONIC SYSTEMS TECHNOLOGY, INC.
(Exact Name of Registrant as Specified in its Charter)


Washington

000-27793

91-1238077

(State or other jurisdiction of incorporation)

(Commission File  Number)

(IRS Employer Identification No.)


415 N. Quay St. Bldg B1

 Kennewick WA

 


993336

(Address of principal executive offices)

 

(Zip Code)


Registrant's telephone number, including area code: (509) 735-9092


(Former Name or Former Address if Changed Since Last Report)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


[  ]

Written communications pursuant to Rule 425 under the Securities Act (17CFR230.425)

[  ]

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17CFR 240.14a-12)

[  ]

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[  ]

Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))




Item 8.01 - Other Events


On February 27, 2014, the Board of Directors of Electronic Systems Technology, Inc. granted stock options to eligible Directors, Officers, and Employees, subject to the conditions set forth in the Board of Directors' resolutions set forth in the attached Exhibit 99.1 and the Electronic Systems Technology “Plan”, as follows:


Name

Status

Number of Common Shares Underlying Unexercised Options (#) Exercisable

Option

 Exercise Price

Option

Expiration Date

Melvin Brown

Director

25,000

$0.41

2/27/2017

Michael S. Brown

Director

25,000

$0.41

2/27/2017

Tom Kirchner

Officer, Director

25,000

$0.41

2/27/2017

John L. Schooley

Director

25,000

$0.41

2/27/2017

Robert Southworth

Director

25,000

$0.41

2/27/2017

Eric P. Marske

Employee

15,000

$0.41

2/27/2017

Sam Amaral

Employee

5,000

$0.41

2/27/2017

Alan Cook

Employee

5,000

$0.41

2/27/2017

Jason Muhlbeier

Employee

5,000

$0.41

2/27/2017

Anthony Pfau

Employee

5,000

$0.41

2/27/2017

Neil Hellfeldt

Employee

5,000

$0.41

2/27/2017

George M. Stoltz

Employee

5,000

$0.41

2/27/2017

Daniel Tolley

Employee

5,000

$0.41

2/27/2017


Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act.


Item 9.01. Financial Statements and Exhibits.


(d)

Exhibits

                                                                                                                                                          

99.1

Board of Directors’ Resolutions, dated February 27, 2014


SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


ELECTRONIC SYSTEMS TECHNOLOGY, INC.


/s/ Michael Eller                        

By: Michael Eller

Principal Financial Officer


Date: March 5, 2014