COMTECH TELECOMMUNICATIONS CORP /DE/ — Director's Dealing 2017

Aug 11, 2017

SEC Form 4/A — Form 4/A

Issuer: COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL)
CIK: 0000023197
Period of Report: 2017-07-31

Reporting Person: GALLETTI MICHAEL (Chief Operating Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-07-31	Common stock par value $.10 per share	M	441	—	Acquired	13258	Direct
2017-07-31	Common stock par value $.10 per share	F	441	$18.00	Disposed	12817	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-07-31	Share Unit	$	A	12267	Acquired		Common stock par value $.10 per share (12267)	Direct
2017-07-31	Share Unit	$	M	441	Disposed		Common stock par value $.10 per share (441)	Direct

Footnotes

F1: These transactions represent the net settlement of share units (see footnote #2) to withhold the reporting person's Federal Insurance Contributions Act ("FICA") tax and certain federal and state income taxes. These shares represent an amendment of the Form 4 filed on August 2, 2017 which inadvertently showed a grant of 17,823 share units instead of the grant of 12,267 which occurred on July 31, 2017. The related net settlement should have been reported as 441 share units instead of 641.

F2: Share units are rights to convert solely into Comtech Telecommunications Corp. common stock on a one-for-one basis. The share units were issued in lieu of cash settlements based on the achievement of pre-established non-equity incentive goals for the fiscal year ending July 31, 2017, pursuant to the 2000 Stock Incentive Plan. These share units are fully vested, are subject to certain transfer restrictions, cannot be assigned, and will be converted into Comtech Telecommunications Corp. common stock following the one-year anniversary of the grant date which will occur on July 31, 2018.