COMTECH TELECOMMUNICATIONS CORP /DE/ — Director's Dealing 2006

Sep 26, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL)
CIK: 0000023197
Period of Report: 2006-09-25

Reporting Person: BUGLIARELLO GEORGE (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-09-25	Common Stock Par Value $0.10 per share	M	18750	$13.19	Acquired	51805	Direct
2006-09-25	Common Stock Par Value $0.10 per share	S	18750	$32.797	Disposed	33055	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-09-25	Stock Option Right to Buy	$13.19	M	18750	Disposed	2014-08-02	Common stock par value $.10 per share (18750)	Direct

Footnotes

F1: Exercise of previously granted stock option

F2: Balance reflects 3-for-2 stock split in April 2005