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: PORCELAIN MICHAEL (Sr. Vice President & CFO)

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	6185	—	Acquired	85758	Direct
2016-10-05	Common Stock Par Value $0.10 Per Share	F	2287	$12.63	Disposed	83471	Direct
2016-10-05	Common Stock Par Value $0.10 Per Share	M	899	—	Acquired	84370	Direct
2016-10-05	Common Stock Par Value $0.10 Per Share	F	333	$12.63	Disposed	84037	Direct
2016-10-05	Common Stock Par Value $0.10 Per Share	M	995	—	Acquired	85032	Direct
2016-10-05	Common Stock Par Value $0.10 Per Share	F	368	$12.63	Disposed	84664	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-10-05	Performance Shares	$	M	899	Disposed		Common Stock Par Value $0.10 Per Share (899)	Direct
2016-10-05	Performance Shares	$	M	995	Disposed		Common Stock Par Value $0.10 Per Share (995)	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 4,492 performance shares issued to the reporting person on June 5, 2013 have vested.

F4: 20% of the 4,974 performance shares issued to the reporting person on June 6, 2012 have vested.