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

Aug 22, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMTECH TELECOMMUNICATIONS CORP /DE/ (cmtl)
CIK: 0000023197
Period of Report: 2003-08-22

Reporting Person: KORNBERG FRED (Director, Chairman, CEO and President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-08-22	Common Stock par value $.10 per share	M	15000	$2.00	Acquired	472500	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-08-22	Stock Option Right to Buy	$2.00	M	15000	Disposed	2008-01-14	Common stock par value $.10 per share (15000)	Direct

Footnotes

F1: Exercise of previously granted stock option