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: KORNBERG FRED (Director, Chairman, CEO & President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-06-13	Common Stock par value $.10 per share	M	14600	$5.06	Acquired	397434	Direct
2007-06-13	Common Stock par value $.10 per share	M	13500	$6.33	Acquired	410934	Direct
2007-06-13	Common Stock par value $.10 per share	M	58940	$3.58	Acquired	469874	Direct
2007-06-13	Common Stock par value $.10 per share	M	63000	$11.67	Acquired	532874	Direct
2007-06-13	Common Stock par value $.10 per share	M	63000	$13.19	Acquired	595874	Direct
2007-06-13	Common Stock par value $.10 per share	S	500000	$41.75	Disposed	95874	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-06-13	Stock Option Right to Buy	$5.06	M	14600	Disposed	2010-12-12	Common Stock par value $0.10 per share (14600)	Direct
2007-06-13	Stock Option Right to Buy	$6.33	M	13500	Disposed	2011-08-07	Common Stock par value $0.10 per share (13500)	Direct
2007-06-13	Stock Option Right to Buy	$3.58	M	58940	Disposed	2012-08-06	Common Stock par value $0.10 per share (58940)	Direct
2007-06-13	Stock Option Right to Buy	$11.67	M	63000	Disposed	2013-08-04	Common Stock par value $0.10 per share (63000)	Direct
2007-06-13	Stock Option Right to Buy	$13.19	M	63000	Disposed	2014-08-02	Common Stock par value $0.10 per share (63000)	Direct

Footnotes

F1: Excercise of previously granted stock option.