FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

AYERS JASON C		 2. Issuer Name and Ticker or Trading Symbol

FULLNET COMMUNICATIONS INC [ FULO ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__X__ Director                    __X__ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
President
(Last)          (First)          (Middle)

201 ROBERT S KERR AVE STE 210		 3. Date of Earliest Transaction (MM/DD/YYYY)

12/2/2020
(Street)

OKLAHOMA CITY, OK 73102
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
 6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 12/2/2020  X  300000 A$0.01 2495795 D  
Common Stock 12/2/2020  X  148154 A$0.02 2643949 D  

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)		2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)		8. Price of Derivative Security
(Instr. 5)		9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Convertible Preferred Stock  (1)          6/3/2013  (2)Common Stock 77629  77629 D  
Stock Option $0.01            (4)2/28/2030 Common Stock 300000  300000 D  
Stock Option $0.01 12/2/2020  X     300000   (3)1/9/2027 Common Stock 300000 $0.01 0 D  
Stock Option $0.02 12/2/2020  X     148154  6/3/2020 6/3/2030 Common Stock 270000 $0.02 121846 D  
Explanation of Responses:
(1) One share of preferred stock for one share of common stock.
(2) Not applicable.
(3) 100,000 exercisable 1/9/2018; 100,000 exercisable 1/9/2019; 100,000 exercisable 1/9/2020.
(4) 100,000 exercisable 2/28/2021; 100,000 exercisable 2/28/2022; 100,000 exercisable 2/28/2023.
Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
AYERS JASON C
201 ROBERT S KERR AVE STE 210
OKLAHOMA CITY, OK 73102		XXPresident
Signatures
Jason C Ayers12/2/2020
**Signature of Reporting PersonDate
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