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COMTECH TELECOMMUNICATIONS CORP /DE/ — Director's Dealing 2020
Sep 24, 2020
10781_dirs_2020-09-24_03be0afd-1bd7-404b-b980-ac24a8656638.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: 2020-09-22
Reporting Person: PORCELAIN MICHAEL (President & COO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2020-09-22 | Common Stock Par Value $0.10 Per Share | A | 12863 | — | Acquired | 123490 | Direct |
| 2020-09-22 | Common Stock Par Value $0.10 Per Share | F | 6300 | $14.61 | Disposed | 117190 | Direct |
Footnotes
F1: This transaction represents the issuance of Comtech Telecommunications Corp. common stock on September 22, 2020 as a result of the settlement of a Long Term Performance Share Award granted on August 9, 2017 in connection with the achievement of pre-established goals over the three-year performance period ended July 31, 2020.
F2: Long Term Performance shares convert into common stock on a one-for-one basis.
F3: The 6,300 shares reflected on this table represents the shares withheld to pay the Reporting Person's federal, state and Federal Insurance Contributions Act ("FICA") tax.