COMTECH TELECOMMUNICATIONS CORP /DE/ — Director's Dealing 2007

Sep 27, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL)
CIK: 0000023197
Period of Report: 2007-09-25

Reporting Person: KONOPELKO LARRY (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-09-25	Common Stock Par Value $.10 per share	M	4500	$11.67	Acquired	13604.5	Direct
2007-09-25	Common Stock Par Value $.10 per share	M	3000	$13.19	Acquired	16604.5	Direct
2007-09-25	Common Stock Par Value $.10 per share	M	7500	$35.90	Acquired	24104.5	Direct
2007-09-25	Common Stock Par Value $.10 per share	M	4500	$26.90	Acquired	28604.5	Direct
2007-09-25	Common Stock Par Value $.10 per share	S	4419	$53.00	Disposed	24185.5	Direct
2007-09-25	Common Stock Par Value $.10 per share	S	2300	$53.01	Disposed	21885.5	Direct
2007-09-25	Common Stock Par Value $.10 per share	S	900	$53.02	Disposed	20985.5	Direct
2007-09-25	Common Stock Par Value $.10 per share	S	20	$53.03	Disposed	20965.5	Direct
2007-09-25	Common Stock Par Value $.10 per share	S	300	$53.08	Disposed	20665.5	Direct
2007-09-25	Common Stock Par Value $.10 per share	S	300	$53.10	Disposed	20365.5	Direct
2007-09-25	Common Stock Par Value $.10 per share	S	200	$53.13	Disposed	20165.5	Direct
2007-09-25	Common Stock Par Value $.10 per share	S	400	$53.14	Disposed	19765.5	Direct
2007-09-25	Common Stock Par Value $.10 per share	S	1111	$53.15	Disposed	18654.5	Direct
2007-09-25	Common Stock Par Value $.10 per share	S	100	$53.16	Disposed	18554.5	Direct
2007-09-25	Common Stock Par Value $.10 per share	S	100	$53.17	Disposed	18454.5	Direct
2007-09-25	Common Stock Par Value $.10 per share	S	1100	$53.18	Disposed	17354.5	Direct
2007-09-25	Common Stock Par Value $.10 per share	S	3050	$53.19	Disposed	14304.5	Direct
2007-09-25	Common Stock Par Value $.10 per share	S	1600	$53.20	Disposed	12704.5	Direct
2007-09-25	Common Stock Par Value $.10 per share	S	42	$53.21	Disposed	12662.5	Direct
2007-09-25	Common Stock Par Value $.10 per share	S	200	$53.22	Disposed	12462.5	Direct
2007-09-25	Common Stock Par Value $.10 per share	S	58	$53.25	Disposed	12404.5	Direct
2007-09-25	Common Stock Par Value $.10 per share	S	100	$53.28	Disposed	12304.5	Direct
2007-09-25	Common Stock Par Value $.10 per share	S	2300	$53.35	Disposed	10004.5	Direct
2007-09-25	Common Stock Par Value $.10 per share	S	800	$53.36	Disposed	9204.5	Direct
2007-09-25	Common Stock Par Value $.10 per share	S	100	$53.43	Disposed	9104.5	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-09-25	Stock Option Right to Buy	$11.67	M	4500	Disposed	2013-08-04	Common Stock Par Value $.10 per share (4500)	Direct
2007-09-25	Stock Option Right to Buy	$13.19	M	3000	Disposed	2014-08-02	Common Stock Par Value $.10 per share (3000)	Direct
2007-09-25	Stock Option Right to Buy	$35.90	M	7500	Disposed	2010-08-02	Common Stock Par Value $.10 per share (7500)	Direct
2007-09-25	Stock Option Right to Buy	$26.90	M	4500	Disposed	2011-08-01	Common Stock Par Value $.10 per share (4500)	Direct

Footnotes

F1: Exercise of previously granted stock option.