COMTECH TELECOMMUNICATIONS CORP /DE/ — Director's Dealing 2003

Oct 20, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMTECH TELECOMMUNICATIONS CORP /DE/ (cmtl)
CIK: 0000023197
Period of Report: 2003-10-17

Reporting Person: WINDUS J PRESTON JR (Sr. Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-10-17	Common Stock $.10 par value per share	M	3750	$5.37	Acquired	76875	Direct
2003-10-17	Common Stock $.10 par value per share	M	18000	$5.00	Acquired	94875	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-10-17	Stock Option Right to Buy	$5.37	M	3750	Disposed	2012-08-06	Common Stock par value $.10 per share (3750)	Direct
2003-10-17	Stock Option Right to Buy	$5.00	M	18000	Disposed	2009-06-29	Common Stock par value $.10 per share (18000)	Direct

Footnotes

F1: Exercise of previously granted stock option