EXHIBIT 2.2 - Form 8-K dated February 9, 2001

                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 9, 2001




                      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

A: During the Company's scheduled Board of Directors Meeting
on February 9, 2001, 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 Committee's recommendations
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.  Employees and
Directors, who were recipients of the stock options and
conditions relating to the stock options approved by the
Board of Directors, are delineated on attached Exhibit 20.1.

B: John Rector, a Director of the Company, resigned his
Director position, effective February 9, 2001, due to health
related issues.  The Board of Directors reluctantly accepted
Mr. Rector's resignation.

C: Robert Southworth, a Director and Secretary/Treasurer of
the Company, resigned as Secretary/Treasurer of the Company
so that he may participate on the Company's Audit Committee.

D: Jon Correio, currently the Company's Manager of Finance and
Administration, was appointed by the Board of Directors to serve
the remaining term of the Director position vacated by the death of
Arthur W. Leighton.  Mr. Correio's term will expire June 2003.
Mr. Correio was also appointed to serve as Secretary/Treasurer of the
Company.

E: The Board of Directors formed the Audit Committee for the Company,
comprised of Melvin Brown, who will serve as Chairman of the Audit Committee,
John Schooley, and Robert Southworth.

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 9, 2001.





















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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 15, 2001













































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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 9, 2001.

EXHIBIT 20.1

February 9, 2001

To:	EST Board of Directors

From:	Employee/Director Stock Option Committee

Subject:	Recommendations

The committee recommends to the Board of Directors that the
individual employees and directors with no less than three years
continuous tenure named herein be granted stock options, effective
February 9, 2001, in the amounts tabulated and subject to the
conditions herein delineated and in accordance with the Electronic
Systems Technology Stock Option Plan for Directors, Officers, and
Employees, as ratified by shareholder vote on June 7, 1996.

	Name                    Status             Option Shares

      Melvin Brown            Director               25,000
      Tom Kirchner            Director               25,000
      John H. Rector          Director               25,000
      John L. Schooley        Director               25,000
      Robert Southworth       Director               25,000
      David B. Strecker       Employee               15,000
      Eric P. Marske          Employee               15,000
      Jon A. Correio          Employee               15,000
      Alan B. Cook            Employee               15,000
      Gary L. Schmitz         Employee                5,000
      George M. Stoltz        Employee                5,000

Recommended Option Conditions:

1.   Each option grant will be at an exercise price per share
     equal to market price at the time of grant.  Market price
     will be the mean of bid and ask prices recorded on the National
     Daily Quotation Service "pink sheet" for the effective date of
     the option grant.  If no activity is reported for that date the
     "pink sheet" with closest preceding date with recorded activity
     will establish market price.

2.   Each grant must be exercised by the optionee not later than
     three years (1095) days from the date of the grant.

3.   Options will be exercised in minimum blocks of 5,000 shares at
     any one time.  Options not exercised within the three year
     (1095 day) period from option grant will terminate and not carry
     over.

4.   Rule 144 of the Securities Act of 1933 as amended will apply to
     all stock acquired by exercise of the option grants.  Rule 144
     prohibits resale for a period of one year after acquisition and

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     restricts resale quantities for one additional year.  Each optionee
     shall make an independent inquiry as to all other restrictions.

5.   The company shall have the right, but not obligation, to
     register all or any portion of the optioned shares at any time.
     The intent of registration is to relieve the Rule 144 resale
     restrictions which may still be in force at the time of registration.

6.   In the event of termination of employment or board membership,
     the optionee shall have a period of ninety days in which to
     exercise any options which he has been granted, except under the
     conditions of paragraph 7 and 8, which shall supersede the
     provisions of this paragraph.  Unless otherwise extended by the
     board, all options terminated at the end of the ninety day period.

7.   If recapitalization and/or similar events result in the change
     of share unit values, the optionee will receive equivalent shares.
     If the company is not the surviving entity by virtue of merger,
     acquisition, etc., the optionee will have a window of ten days
     in which to exercise his option.  The last day of the window will
     be five days prior to the legal conclusion of any such event.

8.   In the event of company acquisition, merger, reorganization and
     other transactions altering the company structure any outstanding
     options then in force must be immediately exercised.

9.   Option grants are not transferable or assignable except to an
     employee's estate in accordance with the laws of inheritance in
     the event of optionee's death.

10.  All facets of the stock option program shall be appropriately
     documented in accordance with the advice of the company's legal
     counsels and shall comply with all relevant legal requirements
     in the State of Washington and all Securities and Exchange
     Commission rules, regulations, and disclosure requirements.