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: KORNBERG FRED (Director, Chairman, CEO & 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	17827	—	Acquired	485181	Direct
2016-10-05	Common Stock Par Value $0.10 Per Share	F	6591	$12.63	Disposed	478590	Direct
2016-10-05	Common Stock Par Value $0.10 Per Share	M	2156	—	Acquired	480746	Direct
2016-10-05	Common Stock Par Value $0.10 Per Share	F	798	$12.63	Disposed	479948	Direct
2016-10-05	Common Stock Par Value $0.10 Per Share	M	2487	—	Acquired	482435	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-10-05	Performance Shares	$	M	2156	Disposed		Common Stock Par Value $0.10 Per Share (2156)	Direct
2016-10-05	Performance Shares	$	M	2487	Disposed		Common Stock Par Value $0.10 Per Share (2487)	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 10,781 performance shares issued to the reporting person on June 5, 2013 have vested.

F4: 20% of the 12,435 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.