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COMTECH TELECOMMUNICATIONS CORP /DE/ — Director's Dealing 2017
Sep 26, 2017
10781_dirs_2017-09-26_6683197b-b313-432b-ab19-b34be2c0fe4a.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL)
CIK: 0000023197
Period of Report: 2017-09-23
Reporting Person: PORCELAIN MICHAEL (Sr. Vice President & CFO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-09-23 | Common Stock Par Value $.10 Per Share | M | 898 | — | Acquired | 84094 | Direct |
| 2017-09-23 | Common Stock Par Value $.10 Per Share | F | 464 | $20.59 | Disposed | 83630 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-09-23 | Performance Shares | $ | M | 898 | Disposed | Common stock par value $.10 per share (898) | Direct |
Footnotes
F1: This transaction represents the vesting of 898 of the 4,492 performance shares issued to the Reporting Person on June 5, 2013. 60% had previously vested and the remaining 20% will vest on the fourth anniversary of September 23, 2014, assuming continued service as an employee through the vesting date.
F2: Performance shares convert into common stock on a one-for-one basis.
F3: The 464 reflected on this table represents the shares withheld to pay the Reporting Person's federal, state and Federal Insurance Contributions Act ("FICA") tax.