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: February 7, 1997 ELECTRONIC SYSTEMS TECHNOLOGY INC. (A Washington Corporation) Commission File no. 2-92949-S IRS Employer Identification no. 91-1238077 415 N. Quay St. #4 Kennewick WA 99336 (Address of principal executive offices) Registrant's telephone number, including area code:(509) 735-9092 ITEM 5. OTHER EVENTS At the Company's Board of Directors Meeting on February 7, 1997, the Board of Directors awarded Stock Options for Employees and Directors, as was recommended by the Board's Employee/Director Stock Option Committee, subject to the conditions delineated in the recommendation and in accordance with the Electronic Systems Technology, Inc. Stock Option Plan for Directors, Officers, and Employees, as approved by Shareholder vote on June 7, 1996. Eligible Employees and Directors and conditions relating to the Stock Options approved by the Board of Directors, are delineated on attached Exhibit 20.1. ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL STATEMENTS, AND EXHIBITS. Exhibit 20.1 - Summary of Employee/Director Stock Option Committee recommendations regarding Employee and Director Stock Options, as approved by the Company's Board of Directors, February 7, 1997. 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/ T. L. KIRCHNER By: T.L. Kirchner President Date: February 14, 1997