COMTECH TELECOMMUNICATIONS CORP /DE/ — Director's Dealing 2020

Aug 6, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL)
CIK: 0000023197
Period of Report: 2020-08-04

Reporting Person: LESAVOY LISA /ADV (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-08-04	Stock Option Right to Buy	$17.88	D	15000	Disposed	2030-05-28	Common stock par value $.10 per share (15000)	Direct
2020-08-04	Restricted Stock Units	$	A	4631	Acquired		Common stock par value $.10 per share (4631)	Direct
2020-08-04	Restricted Stock Units	$	A	7195	Acquired		Common stock par value $.10 per share (7195)	Direct

Footnotes

F1: On May 28, 2020, the Company made an administrative error and issued the Reporting Person stock options instead of restricted stock units. On August 4, 2020, the Company corrected the error by cancelling the stock options and issuing the Reporting Person restricted stock units. The correction of the error resulted in no change to the economic value received by the Reporting Person.

F2: Restricted stock units were granted under the Company's 2000 Stock Incentive Plan, and represent the right to receive one share of common stock of Comtech Telecommunications Corp. upon vesting of the unit.

F3: Generally, the restricted stock units will vest in installments over a five year period, at a rate of 20% on the first through fifth anniversaries of grant, assuming continued service as a director. Shares of common stock corresponding to vested units will be delivered to the reporting person within 30 days of termination of directorship.