COMTECH TELECOMMUNICATIONS CORP /DE/ — Director's Dealing 2011

Jan 5, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL)
CIK: 0000023197
Period of Report: 2011-01-03

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-03	Common Stock Par Value $.10 per share	M	9000	$3.58	Acquired	100028	Direct
2011-01-03	Common Stock Par Value $.10 per share	S	9000	$27.78	Disposed	91028	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-01-03	Stock Option Right to Buy	$3.58	M	9000	Disposed	2012-08-06	Common stock par value $.10 per share (9000)	Direct

Footnotes

F1: The sales reported in this Form 4 were effected pursuant to a 10b5-1 trading plan previously adopted by the reporting person.

F2: Exercise of previously granted stock option.