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

Jun 6, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL)
CIK: 0000023197
Period of Report: 2014-06-04

Reporting Person: Sloane Stanton D (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-06-04	Restricted Stock Units	$	A	2080	Acquired		Common stock par value $.10 per share (2080)	Direct

Footnotes

F1: As required under the Comtech Telecommunications Corp. 2000 Stock Incentive Plan, as amended, the restricted stock units are granted to the reporting person in lieu of the annual automatic grant of 15,000 non-qualified stock options to enable the reporting person to meet the minimum stock ownership interest guidelines. Each restricted stock unit represents the right to receive one share of common stock of Comtech Telecommunications Corp. upon vesting of the unit.

F2: Generally, the restricted stock units will vest in installments over a three year period, at a rate of 25% on the first and second anniversaries of grant and 50% on the third anniversary of the date of grant, assuming continued service as a director. Shares of common stock corresponding to vested units will be delivered to the reporting person within 30 days of termination of directorship.