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

Aug 4, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMTECH TELECOMMUNICATIONS CORP /DE/ (cmtl)
CIK: 0000023197
Period of Report: 2003-08-01

Reporting Person: BUGLIARELLO GEORGE (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-08-01	Stock Option Right to Buy	$18.02	A	7500	Acquired	2013-08-01	Common stock par value $.10 per share (7500)	Direct

Footnotes

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

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