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

Sep 25, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL)
CIK: 0000023197
Period of Report: 2014-09-23

Reporting Person: ROUSE ROBERT G (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-09-23	Common Stock Par Value $.10 Per Share	M	898	—	Acquired	4446	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-09-23	Performance Shares	$	M	898	Disposed		Common stock par value $.10 per share (898)	Direct

Footnotes

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

F2: 20% of the 4,492 performance shares issued to the Reporting Person on June 5, 2013 have vested. The remaining 80% will vest 20% per year on the first through fourth anniversaries of September 23, 2014, assuming continued service through the vesting date.

F3: All rights to the common stock are deferred and will be delivered to the reporting person within 30 days of termination.