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COMTECH TELECOMMUNICATIONS CORP /DE/ — Director's Dealing 2017
Sep 26, 2017
10781_dirs_2017-09-26_3ede5b9f-4b53-4b35-88d7-2c5cbc1af6d7.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: KORNBERG FRED (Director, Chairman, CEO & President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-09-23 | Common stock par value $.10 per share | M | 2156 | — | Acquired | 480591 | Direct |
| 2017-09-23 | Common stock par value $.10 per share | F | 1112 | $20.59 | Disposed | 479479 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-09-23 | Performance Shares | $ | M | 2156 | Disposed | Common stock par value $.10 per share (2156) | Direct |
Footnotes
F1: This transaction represents the vesting of 2,156 of the 10,781 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 1,112 reflected on this table represents the shares withheld to pay the Reporting Person's federal, state and Federal Insurance Contributions Act ("FICA") tax.