COMTECH TELECOMMUNICATIONS CORP /DE/ — Director's Dealing 2014

Oct 6, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL)
CIK: 0000023197
Period of Report: 2014-10-02

Reporting Person: PORCELAIN MICHAEL (Sr. Vice President & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-10-02	Common Stock Par Value $.10 Per Share	M	995	—	Acquired	64874	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-10-02	Performance Shares	$	M	995	Disposed		Common stock par value $.10 per share (995)	Direct

Footnotes

F1: Performance shares convert into common stock on a one-for-one basis.

F2: 20% of the 4,974 performance shares issued to the Reporting Person on June 6, 2012 have vested. 20% had previously vested on October 2, 2013, and the remaining 60% will vest 20% per year on the second through fourth anniversaries of October 2, 2013, assuming continued service through the vesting date.