COMTECH TELECOMMUNICATIONS CORP /DE/ — Director's Dealing 2016

Oct 8, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL)
CIK: 0000023197
Period of Report: 2016-10-05

Reporting Person: BRANSCUM JOHN (Sr. Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-10-05	Common Stock Par Value $0.10 Per Share	A	2087	—	Acquired	24144	Direct
2016-10-05	Common Stock Par Value $0.10 Per Share	A	521	—	Acquired	24665	Direct
2016-10-05	Common Stock Par Value $0.10 Per Share	A	597	—	Acquired	25262	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-10-05	Performance Shares	$	M	521	Disposed		Common Stock Par Value $0.10 Per Share (521)	Direct
2016-10-05	Performance Shares	$	M	597	Disposed		Common Stock Par Value $0.10 Per Share (597)	Direct

Footnotes

F1: These shares represent common stock of Comtech Telecommunications Corp. issued on October 5, 2016 as a result of the settlement of a Long Term Performance Share Award granted on October 2, 2013 in connection with the achievement of pre-established goals over the three-year performance period ended July 31, 2016.

F2: Performance shares convert into common stock on a one-for-one basis.

F3: 20% of the 2,605 performance shares issued to the reporting person on June 5, 2013 have vested.

F4: 20% of the 2,985 performance shares issued to the reporting person on June 6, 2012 have vested.

F5: 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.