COMTECH TELECOMMUNICATIONS CORP /DE/ — Director's Dealing 2008

Aug 27, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL)
CIK: 0000023197
Period of Report: 2008-08-26

Reporting Person: ROUSE ROBERT G (Exec. Vice President & COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-08-26	Common Stock Par Value $.10 per share	M	12000	$11.67	Acquired	12000	Direct
2008-08-26	Common Stock Par Value $.10 per share	M	12000	$13.19	Acquired	24000	Direct
2008-08-26	Common Stock Par Value $.10 per share	M	22500	$35.90	Acquired	46500	Direct
2008-08-26	Common Stock Par Value $.10 per share	M	12500	$26.90	Acquired	59000	Direct
2008-08-26	Common Stock Par Value $.10 per share	M	6250	$42.47	Acquired	65250	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-08-26	Stock Option (Right to Buy)	$11.67	M	12000	Disposed	2013-08-04	Common stock par value $.10 per share (12000)	Direct
2008-08-26	Stock Option (Right to Buy)	$13.19	M	12000	Disposed	2014-08-02	Common stock par value $.10 per share (12000)	Direct
2008-08-26	Stock Option (Right to Buy)	$35.90	M	22500	Disposed	2010-08-02	Common stock par value $.10 per share (22500)	Direct
2008-08-26	Stock Option (Right to Buy)	$26.90	M	12500	Disposed	2011-08-01	Common stock par value $.10 per share (12500)	Direct
2008-08-26	Stock Option (Right to Buy)	$42.47	M	6250	Disposed	2012-08-07	Common stock par value $.10 per share (6250)	Direct

Footnotes

F1: Exercise of previously granted stock option.

F2: On April 28, 2008, the Company announced that Mr. Rouse will be stepping down as Comtech's Executive Vice President and Chief Operating Officer, effective August 29, 2008.