AI assistant
COMTECH TELECOMMUNICATIONS CORP /DE/ — Director's Dealing 2016
Oct 8, 2016
10781_dirs_2016-10-07_e01ae0c6-cfbd-49a5-bdb0-32708f15da93.zip
Director's Dealing
Open in viewerOpens in your device viewer
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: BURT RICHARD L (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 | 2704 | — | Acquired | 177203 | Direct |
| 2016-10-05 | Common Stock Par Value $0.10 Per Share | F | 740 | $12.63 | Disposed | 176463 | Direct |
| 2016-10-05 | Common Stock Par Value $0.10 Per Share | M | 449 | — | Acquired | 176912 | Direct |
| 2016-10-05 | Common Stock Par Value $0.10 Per Share | F | 123 | $12.63 | Disposed | 176789 | Direct |
| 2016-10-05 | Common Stock Par Value $0.10 Per Share | M | 348 | — | Acquired | 177137 | Direct |
| 2016-10-05 | Common Stock Par Value $0.10 Per Share | F | 96 | $12.63 | Disposed | 177041 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-10-05 | Performance Shares | $ | M | 449 | Disposed | Common Stock Par Value $0.10 Per Share (449) | Direct | |
| 2016-10-05 | Performance Shares | $ | M | 348 | Disposed | Common Stock Par Value $0.10 Per Share (348) | 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 2,246 performance shares issued to the reporting person on June 5, 2013 have vested.
F4: 20% of the 1,741 performance shares issued to the reporting person on June 6, 2012 have vested.