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

Jan 3, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL)
CIK: 0000023197
Period of Report: 2008-01-02

Reporting Person: MCCOLLUM ROBERT L (Sr. Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-01-02	Common Stock Par Value $.10 per share	M	67500	$1.33	Acquired	91028	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-01-02	Stock Option Right to Buy	$1.33	M	67500	Disposed	2008-01-14	Common stock par value $.10 per share (67500)	Direct

Footnotes

F1: Exercise of a previously granted stock option.