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

Jun 14, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL)
CIK: 0000023197
Period of Report: 2007-06-13

Reporting Person: Kapelus Jerome (Sr. VP Stategy & Business Dev.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-06-13	Common Stock Par Value $.10 per share	M	10000	$30.30	Acquired	10000	Direct
2007-06-13	Common Stock Par Value $.10 per share	S	10000	$41.75	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-06-13	Stock Option Right to Buy	$30.30	M	10000	Disposed	2011-02-21	Common Stock par value $.10 per share (10000)	Direct

Footnotes

F1: Exercise of previously granted stock option.