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COMTECH TELECOMMUNICATIONS CORP /DE/ — Director's Dealing 2013
Jun 7, 2013
10781_dirs_2013-06-07_42f406c6-623e-4ec2-b15c-20e1c6bcc473.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL)
CIK: 0000023197
Period of Report: 2013-06-05
Reporting Person: ROUSE ROBERT G (Senior Vice President)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2013-06-05 | Performance Shares | $ | A | 4492 | Acquired | Common stock par value $.10 per share (4492) | Direct | |
| 2013-06-05 | Stock Option Right to Buy | $26.08 | A | 5000 | Acquired | 2023-06-05 | Common stock par value $.10 per share (5000) | Direct |
| 2013-06-05 | Stock Option Right to Buy | $26.08 | A | 5000 | Acquired | 2023-06-05 | Common stock par value $.10 per share (5000) | Direct |
| 2013-06-05 | Stock Option Right to Buy | $26.08 | A | 5000 | Acquired | 2023-06-05 | Common stock par value $.10 per share (5000) | Direct |
| 2013-06-05 | Stock Option Right to Buy | $26.08 | A | 5000 | Acquired | 2023-06-05 | Common stock par value $.10 per share (5000) | Direct |
| 2013-06-05 | Stock Option Right to Buy | $26.08 | A | 5000 | Acquired | 2023-06-05 | Common stock par value $.10 per share (5000) | Direct |
Footnotes
F1: Performance shares are subject to a minimum financial performance criteria for the fiscal year ending July 31, 2014.
F2: Each share represents the contingent right to receive one share of common stock of Comtech Telecommunications Corp.
F3: Generally, the performance shares will vest 20% on the date that the Executive Compensation Committee of the Board of Directors of the Company determines that the performance criteria have been met and the remaining 80% will vest 20% per year on the first through fourth anniversaries of that determination date, assuming continued service through the vesting date. Shares of common stock will be distributed as applicable on each vesting date, unless the reporting person makes an election to receive the shares at a later date.
F4: Option was granted under the Company's 2000 Stock Incentive Plan in consideration of services to be performed by the reporting person after the date of grant.