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

Oct 10, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMTECH TELECOMMUNICATIONS CORP /DE/ (cmtl)
CIK: 0000023197
Period of Report: 2003-10-09

Reporting Person: ROUSE ROBERT G (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-10-09	Common Stock $.10 par value per share	M	12000	$5.37	Acquired	13500	Direct
2003-10-09	Common Stock $.10 par value per share	S	3000	$29.20	Disposed	10500	Direct
2003-10-09	Common Stock $.10 par value per share	S	1500	$29.38	Disposed	9000	Direct
2003-10-09	Common Stock $.10 par value per share	S	1500	$29.35	Disposed	7500	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-10-09	Stock Option Right to Buy	$5.37	M	12000	Disposed	2012-08-06	Common stock par value $.10 per share (12000)	Direct

Footnotes

F1: Option was granted under the Company's 2000 Stock Incentive Plan