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

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMTECH TELECOMMUNICATIONS CORP /DE/ (cmtl)
CIK: 0000023197
Period of Report: 2003-08-04

Reporting Person: PORCELAIN MICHAEL (VP of Finance & Internal Audit)

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-08-04	Stock Option Right to Buy	$17.51	A	3000	Acquired	2013-08-04	Common stock par value $.10 per share (3000)	Direct
2003-08-04	Stock Option Right to Buy	$17.51	A	3000	Acquired	2013-08-04	Common stock par value $.10 per share (3000)	Direct
2003-08-04	Stock Option Right to Buy	$17.51	A	3000	Acquired	2013-08-04	Common stock par value $.10 per share (3000)	Direct
2003-08-04	Stock Option Right to Buy	$17.51	A	3000	Acquired	2013-08-04	Common stock par value $.10 per share (3000)	Direct
2003-08-04	Stock Option Right to Buy	$17.51	A	3000	Acquired	2013-08-04	Common stock par value $.10 per share (3000)	Direct

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

F2: Balance reflects 3-for-2 stock split in July 2003