COMTECH TELECOMMUNICATIONS CORP /DE/ — Director's Dealing 2015

Sep 25, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL)
CIK: 0000023197
Period of Report: 2015-09-23

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-09-23	Common Stock Par Value $.10 Per Share	M	898	—	Acquired	65047	Direct
2015-09-23	Common Stock Par Value $.10 Per Share	F	332	$26.11	Disposed	64715	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-09-23	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. 20% had previously vested on September 23, 2014, and the remaining 60% will vest 20% per year on the second through fourth anniversaries of September 23, 2014, assuming continued service through the vesting date.