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 4, 2000
ELECTRONIC SYSTEMS TECHNOLOGY INC.
(A Washington Corporation)
Commission File no. 000-27793
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
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ITEM 5. OTHER EVENTS
On February 4, 2000, John Schooley and Arthur Leighton,
both Directors of the Company, exercised outstanding stock options
to purchase Company common stock. Mr. Schooley and Mr. Leighton
purchased 50,000 and 25,000 shares of the Company's common stock
respectively. The purchase increased Mr. Schooley's holding in
the Company to 60,000 shares, or approximately 1.2% of the Company's
outstanding common stock. The purchased increased Mr. Leighton's
holding in the Company to 129,000 shares, or approximately 2.6% of the
Company's outstanding common stock.
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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 9, 2000
