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COMTECH TELECOMMUNICATIONS CORP /DE/ — Director's Dealing 2014
Oct 6, 2014
10781_dirs_2014-10-06_8bdfe6a1-298f-4ab5-a0b8-6352f474af9f.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: 2014-10-02
Reporting Person: KORNBERG FRED (Director, Chairman, CEO & President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2014-10-02 | Common stock par value $.10 per share | M | 2487 | — | Acquired | 424726 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2014-10-02 | Performance Shares | $ | M | 2487 | Disposed | Common stock par value $.10 per share (2487) | Direct |
Footnotes
F1: Performance shares convert into common stock on a one-for-one basis.
F2: 20% of the 12,435 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.
F3: Pursuant to the election made by the reporting person, all rights to the common stock have been deferred and will be delivered to the reporting person within 30 days of termination.